Thanks @Jared Bouzek, I'm pretty limited on capital right now and by taking 70k out to buy another property in a year would probably be much better for me as its 70k that I probably wont have.

hello BP I was driving for dollars and came across this house that was boarded up so I looked it up and the owner was living out of town so I direct mailed him and he called and said he wants to sell all of the land ( 5 acres) with the 2,788 house he gave me the price for the land but my comps wont add up because the land is in the millions but the house ARV is only $273,000 what do I do BP should I only negotiate for the house or all together thanks for your help

hello BP I was driving for dollars and came across this house that was boarded up so I looked it up and the owner was living out of town so I direct mailed him and he called and said he wants to sell all of the land ( 5 acres) with the 2,788 house he gave me the price for the land but my comps wont add up because the land is in the millions but the house ARV is only $273,000 what do I do BP should I only negotiate for the house or all together thanks for your help

hello BP I was driving for dollars and came across this house that was boarded up so I looked it up and the owner was living out of town so I direct mailed him and he called and said he wants to sell all of the land ( 5 acres) with the 2,788 house he gave me the price for the land but my comps wont add up because the land is in the millions but the house ARV is only $273,000 what do I do BP should I only negotiate for the house or all together thanks for your help

Seller financing is where it gets interesting, I think that @Jay DeCima may have voted for Jimmy Carter in 1976 but for self-serving reasons (because of all the seller financing opportunities the tight money and high interests rates caused), Jay, I suffered just so you could get rich :-) on soggy paper!

I was looking to buy a home for for myself like every ordinary person would but after reading this forum i thought even if i am a regular home buyer i can treat it as an investment, Now property in brooklyn queeens is expensive.But is cheaper in long island, westchester and surrounding counties(not exactly cheap but compared to square foot in nyc)Although property is expensive in NYC, taxes are way cheaper compared to all surrounding areas even including counties in nj.Using staten island as an exampleBecause in bk or queens you wont get as big of a home for that price.So if i had a 750k investment i would be paying around 7k a year in taxes and theres a slight chance of appreciation as well over there.Compared to say in nassau county a 750k home would be about 14-15k tax a year.

I just read an article from a good source that Houston is suffering a little right now but people are still moving down there and buyers are looking for a "good deal" to buy.  

Its all about what you look for and how you form the financing, obviously using traditional financing wont work. 

Your targeting the wrong people, you need to get the deals before the banks get them, you wont find that on MLS.

Of course I know living in the house wont exactly be free, but I am not having to pay rent for it.