These surrounding apartment complexes are relatively new and quite expensive.I was wondering if anyone has experience in buying a condo association and turning it back into an apartment complex or even cleaning it up.

The amount on the letter was higher than the sales price of the house. 2 days before closing (within the 25 days of backing out incase of financing not being approved) the buyers agent came back and canceled the contract, and provided a letter from the lender which stated 2 reasons for financing falling apart. 1) Insufficient income for amount of credit requested2) Excessive obligations in relation to incomeThe buyers agent also told my agent that apparently the buyers had purchased a car 3 months before they went in for qualification and the lender didn't find that account in their credit report and thus provided the pre-qual letter. 

These surrounding apartment complexes are relatively new and quite expensive.I was wondering if anyone has experience in buying a condo association and turning it back into an apartment complex or even cleaning it up.

If there is drugs related activity, I would send all the units a notice that the cops are vigilant and on a certain day there will random checks, that will chase half of the peddlers out.2.

Such entity in the ordinary course of its business must be engaged directly in real estate management or development activities.2) Expenses related to the real estate will be paid by the corporation.3) The real estate will not be used for personal use.4) There may be periods of time when the 50% test described in 1(a) above is not satisfied.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

I am relatively new to the whole real estate business, I have read the Bigger Pockets Ultimate Guide as well as multiple articles of theirs.

As far as buying, tearing down and reselling the lots, you have to evaluate each deal on it's own merits.

I'm licensed as an appraiser and spend the bulk of my time analyzing just about everything as it relates to real estate.

Of course you can also ask a friend or relative for the cash or take money out of an existing asset you have.