I landed the job because I swept his sidewalk afterwords the neighbor was hooked.

The building and the land is worth the income it produces.

bond for title or commonly known as land contract.

In that case I would look for the largest building you could get for around 350k that in good shape and does not have a ton of deferred maintenance.

Lamar Cannon, you will more gains in your land's value/better growth in rents in you are in the expansion cross hairs as opposed to in it now.

A friend approached me to help him with a property he inherited from his mom passing where a developer wanted to buy from him for commercial development.The developer after me catching everything in the contract to tie up the property with the seller asked me to work with him on the other parcels as he would rather be working with me than against me assembling the properties.Off I went after that for about 3 years in land development and then went into existing investment properties.I did things kamikaze style and figured them out on my own through the school of hard knocks.In your situation if you are focusing on apartments I would do the following.

Stuff like closing before permits are issued and allowing us to do cash out on land give us a strategic advantage and allow us to decrease project duration; thus increasing AROI.

Hey BP,I'm encountering a lot of leads who have high equity in their homes but the current value is a lot lower than what they purchased it for, so they are reluctant to sell at a price that works for me (60-75% minus repairs of market value).My question is, is there a strategy out there to try to convert these leads to a deal or is this just the way of the land and a deal will come when proper motivation is present?

In nyc you will never have a hard time renting out for your price as long as the unit is in very good shape.

You will need an appraisal report to segregate the land portion of the purchase price that cannot be depreciated.