From that, subtract any improvement/building costs, subtract soft costs and subtract equity/profit that a developer would expect, and you can get an idea of what the land is worth.Sorry to be so vague, but it's unlikely anyone here can offer more detail without more information.

Have you tried using the calculators that BP developed located here.

I have been working for a large property developer in downtown Indianapolis as well as working for law firm that primarily handles real estate related matters.

After fighting with a big national bank on a couple mortgages, I stumbled across a local/ regional bank that has been great to work with.

Upcoming special assessments for a roof that needs to be replaced or other capital improvement can kill your deal and once you're in, you're stuck with the bill if you don't negotiate the seller to pay it.And last but not least, if the building/association drops to less than 70% owner occupied units, forget about getting a loan in the development until the percentage goes back over 70%, which can kill your exit strategy.I don't mean to rain on anyone's parade, just be careful out there!

The national average would be much higher if not for the Atlantic region (slower economy, not as much increase in real estate prices).

This property is a stone throw from 10's of millions of dollars in new development.

In regard to your advice about the Realtor, well, I'm hoping that the mls access I would have, the elbow grease I would put in, the knowledge of real estate I would develop, the colleagues I would meet, the broker I would get able to easily get the advice of, and the percent or two in gain vs. paying a Realtor will make my decision a smart one.

If I ever decide to ramp back up the volume then private money is a no brainer.Crowd funding will be an interesting space to watch develop over the next few years.

Some just provide financing for deals, others invest in homes, apartments, development, commercial, etc.Another option for you that is fairly passive is tax lien investing.