That way the investor can understand its not a deal, because it makes no sense or keep working at it (pen and paper) or another tool to establish something that does make sense.

This puts them at ease and helps us establish a positive relationship.

Account Closed There is a school of thought supported by some case law regarding raw land and 1031 exchange that as long as it remains raw land it is much easier for you to establish your intent to hold it as is for investment - even if you do some preliminary exploratory planning such as entitlement/renderings etc.Once you turn a shovel you are now seen as creating something that is construed as inventory.

That can backfire on you if you don't truly have a partner, your partnership needs to be established prior to contracting.

There is a lot to take in, and it can be overwhelming, but just take a breath, build a plan, and then take action.  

Are they a well established organization?

Hello BP Team,I am currently working  on establishing a partnership with a person who i know for a long time.

I'n from Compton as well looking to work with motivated individuals in the city, and establish relationships through social media. 

I'd consider other uses for the lot and if you can buy that lot with your down payment, setting it aside from your sale, any financing wouldn't attaché to the lot.That gives you a free and clear lot to pledge for a construction-end loan for additional units.

As long as the media keeps pumping "high" unemployment and "declining" population, we will be able to have a field day with no competition and very undervalued deals.At the end of the day wherever you're looking to invest make sure that you have established trust and relationships with key people on ground that will always have your best interests at heart.Don't become another foreign investor succumbing to shady operators here in the US.Thanks and have a great day.