The cash flow statement will be the telling piece here soon depending on how we finance it.

I'm not terribly experienced in RE, and even less so when it comes to redeveloping a piece of land into a 5 mobile home asset (not exactly a *park*, where you rent space, but a parcel of land on which you place a number of mobile homes and rent the trailers to tenants).

And if every piece of your portfolio... stocks, bonds, Real estate, commodities ect. are all performing, then you are either a genius, lucky or just not properly diversified. 

I live in Greenville, South Carolina and I am looking to purchase a piece of property to build a duplex, quadplex or neither.

However, until then, I wouldn't invest in another piece of RE until you're on more solid financial ground. 

Also, cheaper properties usually don't work as flips as there just isn't enough spread potential between purchase price and ARV by the time everyone takes a piece out.

I’m hoping this piece was just a fluke for this project.

Hit sales for old farm repurposable pieces.

Would aim for 70% NOO loan from conventional lender in first position at 30 year fixed note and then source second lien private for 15 years, 8-10% IO loan and small guaranteed piece of the upside if spike in equity and you ever sell.

I’m an 18 year old wholesaler with a team of builders on stand by for any build necessary as well as a piece of land.