Please keep in mind when you do identify a lender that will take on vacant land- they will price the deal at a higher interest rate and will keep a low LTV to minimize their risk. 

Create residential densityPlease do not hesitate to reach out with any questions or for more information on pockets around Charlotte to keep an eye on :)

I could, in theory, just keep some money in savings to float these costs, but I'd really rather that money go to buying another property instead of sitting their floating money to pay contractors.

Dan, I've seen you attack ADUs as an investment vehicle here and on other posts, and I think you've maybe lost touch with what's happening with ADUs -- at least in Los Angeles.Just to share some boots-on-the-ground information with you:Appraisals are beginning to account for the real value of an ADU because ADUs are very attractive to traditional homebuyers.

However, you run a risk that you might have to prove to the IRS that you did, in fact, paid this interest, so keep good records.

Hi Margarita-Great question.There are many mental blocks and friction points to buying your first property.First off, just buying property outside of a first or second home to use is not done by most people and buying your first home is a major purchase for most people.That means the people in our immediate sphere of influence are not thinking about buying investment property, they see it as risky and out of a sense of protecting you or themselves encourage you not to do it.I remember having the same mental blocks and fears you probably do thinking about buying your first property or first investment property.The most critical thing to overcoming these mental blocks is self education and surrounding yourself with the best team of people to help you.An investor friendly Realtor who can refer you to an investor friendly lender, title company or closing office, property inspector, property manager, and insurance agent.Real estate is relational and having the best team will keep you out of the weeds.To Your Success!

There are no guarantees, but performing due diligence, an assessment of character, and affordability is what keeps up in business.

People seem to keep skipping over that when being spiteful about paying taxes.Are they mobile? 

We're also able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis because of shorter term leases.These syndication can provide an 8%+ cash-on-cash return - providing you monthly cash flow - and a 15-20% IRR over the length of the project.

Usps handles snow removal and outdoor keep up.