I think it could be an wholesale flip and they wont come down too much on the price far enough for me to even make a few thousand.

Things take much longer to develop than people think.Typically when you see big apartment buildings go up it is a 3 to 5 year process.It might only be a few years from the time the public hears about it but before that years of legwork went into getting to that point.I couldn't say if right now was the right time to build.Everything is project specific.If the city will let you use a class C finish rather than a class A the numbers will save you money.Just to give a for instance some cities will demand a traffic light be put in for some projects.The traffic light parts itself are not that expensive but with the fiber optic hookup and underground cabling you are talking hundreds of thousands just for that one item.Typically on larger projects it's a fight for the developer to make profit.They propose a certain density and drawing.The county or city then wants to reduce the density and add in all these road improvements and lights at the cost of the developer.All the costs have to work for both parties to get a deal done.I have seen some projects take 2 years to get approved from submitting after going back and forth with revisions and tabling until the next meeting.So half the battle is the cost and financing available when you break ground and the other is the political junk.How much total land would you be getting??

Also your wholesale buyers will certainly appreciate the efforts and one item missed, but caught by them will not ruin your good name.For the second question, perhaps you can find a contractor and form a relationship with him.

I would much rather make a multiple small deals that will eventually total more than a single greedy deal that will ruin a relationship.Great job Thomasina.

When dealing with private sellers we have done $100 before when we were starting out.IF they ask about it at all (not every time) I would just explain that we cant afford to have thousands of dollars tied up in escrow accounts on all these houses we buy and sell.

Hey Everyone --BiggerPockets was offline for 1/2 hour this morning (9:30-10:00 EST) demonstrating what could happen to our site and many others if the SOPA & PIPA bills pass in Congress.If you haven't heard of these, please read the following and you'll learn more about the protest and danger to the internet that these pose.STOP SOPAWikipedia, Google, and thousands of other sites are also in protest . . .

Luckily I was keeping up on the news and pulled everything out of it but a couple thousand before they did it.

I found a hard money bank to finance a day before the meeting, come to find someone put a counter offer for the full price of $240k my bid was $140 now it needed at least 70-80k in rehab but their was also a $90k lien on the property and no title company was going to insure the title,so i am kinda of glad but upset that i missed a $10 thousand dollar profit

ANother way I could do it is agree with take over of loan, agree to give them10-12 thousand dollars, assign the contract have the invester pay them without anything coming out of my pocket while making a hefty chunk of change say 5-10 thousand dollars?

HVAC doesn't adequately serve the 3rd floor. half of windows are old.Ugly:staircase from 1st to 2nd floor ruins the layout and must be moved - this will open the space on first and second floor.