It's not ideal form a "buy low, sell high" perspective, but if you get in early, typically there is an early bump in property values in a new development,  you can often get hoa rules waved as an early investor, and often get a bit of a discount for being early. 

Also, realtors don't exist in the same form as they do in the US.

The ROI has to be 30%So I not only look at the current NOI, I also look into the Pro-forma (but not the seller's pro-forma: I make my own based on my understanding of the deal, the building and the market).I am sharing too many secrets...I should start charging people money for advice (hahaha)

If you are in one of the nicer suburbs, you can probably recover something of value form a sale.   

Going to be hard to form a team without any kind of momentum or a deal in hand as a newbie.

(Cut out and remove concrete to expose pipes, replace drywall after jobs etc)You won’t succeed in any market without a team and you can’t form a team without failing consistently giving you the freedom and experience to define what you true product and neighborhood is. 

First thing you'll need to do is do a feasibility study or pro forma.

If you use a water based acrylic caulk it cleans with water so you can form a beautiful bead with nothing but a wet sponge.

:) Posturing up to  make my first offer, Ill keep it short:• 12 Plex on MLS for 1.2M• All 2/1's (915 sqft)• Current rents average $865 / unit ($52,000 NOI)• Pro forma rents $1,400 ($100,000 NOI)• Area Cap Rate = 7.45• I have 50k to invest + wife's (2.5%) 30k commission = 80k liquid at closing.Questions:1.

We came across one that was really fabulous and wonderful and we strongly considered maybe getting an FHA loan to buy it, but before doing so, I sat down to crunch the numbers.Turns out, the property taxes in New Jersey is really high... for this one particular property, the pro forma annual taxes in the listing was $16k.