I have never dealt with undeveloped land.

Either option depends on mostly one factor.....does it make sense to buy the lot and pay the costs of new construction, compared to what the market price for the duplex in good shape is.  

Hello,  I was considering buying vacant land in Texas and selling with seller financing.

Rentals are in high demand around here but in short supply.Here is a fear; with the addition of the apartment on the land I would hope for a yet higher appraisal to be able to use for investing, but is that something to lean on? 

Generally the borower should get a release of the note and also a release of the mortgage or deed of trust should be recorded in the land records. 

I really doubt he is an active gang member, I've been talking with the family, he and his wife are both Senior Citizens, and as far as his possessions go, he left the place (and the family) in pretty bad shape...

I am looking for someone who understands the rental market in Rosenberg/Richmond/Sugar Land/Missouri City/Pearland: who is renting, why they are renting, how long they are renting for and a general idea of where that market is headed.

Part of my inquiry is, given my closing costs are low (no loan origination fee), in what range should my maximum allowable offer land?

Hi Kristin,NYC from the outside looks like a tricky place for this project.To hear about multifamily in rough shape you will need to find the wholesalers in your area. if you buy one from a wholesaler you will need to pay cash up front.If you are going to use a conventional loan, like Freddie Mac, FHA, the duplex will have to be in good shape, which means retail price.

I used to live in Fisher's Landing and still own a rental there!