My partner is out of town and he's the one that's been studying how to do this, but I don't really know how.

Hi everyone,I'm pretty new to real estate, although I have studied investing for some time.

These forums are an excellent source of knowledge, study them.

Now, I know developing is a whole new ballpark than what I've been studying...but I do see some potential in this category of real estate.

Dave, If you plan on holding the property for 30 years you will have expenses of at least 50% of the gross rents, you really do need to study the landlord forums to help you understand all of the expenses involved with long term investing.

More studying for me.

Learn your market areas. study them well.

I refuse to pay that much, for a "possibility", rather, i will study even further.I have found the JVF forms online in a govt. site, and I will do a large study on the background.

Its hard to mention the hood and not realize that there are race implications no matter how you cut it.As much as I want to make money in this business and have studied info, and watched it going on in my own area I cant help but to get salty with people's attitudes at times.

I think that you just really just have to study your particular market and pay attention to who's redeveloping where.