There’s a lot of new development going on in Huntsville proper, but properties in nearby suburbs like Athens, Decatur, or Meridianville are both more affordable at present and less prone to competition from new construction.$150,000 can buy you a tenant-ready 3 bed, 2 bath single-family home in a B-grade neighborhood.

It's all fun and games until your bank freezes and converts your line for any number of reasons that are in the loan agreement.

But I'm sure the developer made $1m.

It was just a waiting game going through the foreclosure process Lessons learned?

I have a few lots in New Orleans and am looking to run  profitability analysis of sfr 3/2 development v. one zoned as duplex.  

As an investor here myself, I can tell you we're seeing solid rental demand here thanks to the strong job market and major employers developing here. 

For example, if the property you are buying is a development property, like a small house with a large lot in a developing area, then a small negative cash flow could be okay if you can carry it.

At a minimum, having viable plans in place for development will make these lots more marketable and valuable to potential builders when we have conversations. 

We can all do the digging game and question who should have a bigger voice.

(No, I didn't develop this one, either).Guess what?