We've done it both ways, by owner and using an agent, depending on the details.

From that, subtract any improvement/building costs, subtract soft costs and subtract equity/profit that a developer would expect, and you can get an idea of what the land is worth.Sorry to be so vague, but it's unlikely anyone here can offer more detail without more information.

There is the Boston AREIA that just moved locations to Medford and met last week so not again until the end of Feb, Ann co-hosts the Black Diamond meeting in Waltham next Tuesday (Website link in her post signature to get details) and if you are familiar with Chelmsford one of the better local meetings, the NEREIA, is there on the 1st Wed of the month (So next one would be 2/5).

Pet friendly can be a worthwhile niche market.

The benefits to you is that you can completely eliminate the custodial fees, transaction fees and asset based fees.It has been discussed here on BP forum in details so if you are interested in learning more about it, you are in the right place.

Kyle KufeldtIt is difficult to say without knowing the details of the area, the availability of comps and the property itself but the value is likely somewhere in between.

And then there are professional (or should I say habitual) risk takers, who lose money, but get to keep everything....including their secretaries.We never know all the details, so who are we to judge?

In other details that might be important, homes are cheaper here in east TN than most places so finding foreclosures from 30-70,000 that are valued at 100-150,000 seems to be pretty common and they're nice houses (not in bad neighborhoods or anything).

If you are interested, PM me for the details or just go to their website.

@Wayne BrooksHi Wayne thanks for replying.I looked it over and didn't see any details one way or the other in-regards to the rent pay out, only that 30 days notice needs to be given too the PM.