As always develop a plan to execute and also an exit strategy. 

I currently work for a residential land development company and before that I worked for a local homebuilder doing purchasing, rehabbing, warranty and site development so I’m familiar with the rehab/homebuilding aspect of real estate, just not the buying and selling part.My current short term goal is to learn how to do wholesales and fix and flips.

BPO can be hundreds into the thousands.Example evaluating a NNN single building is way different than having to evaluate a current value and comps for a brand new retail project in development process with multiple buildings.If you are looking at buying the property yourself you could pay the fee upfront but then get a credit at closing from the broker off of their commission amount if they agree to it.Back in 2009 and 2010 markets were frozen.

The house was built five years ago, is within a community that's still being developed (new homes going up very often).

Occasionally landlords will pay our fee or a portion if the project is new development or they're looking to get a lease signed quicker.

Rental Rates high seasonDaily range $125-$160 Weekly $850-$950Rental Rates low seasonDaily $105-$120Weekly $675-$800 Residential tower is one of the most sought-after residences in the beach area.The building is an icon and a staple in Panama’s beach communities– particularly amongst English-speaking expats and vacation homeowners.It’s known throughout Panama for its ideal location, breathtaking coastal views, resort-style amenities, and spacious high-quality apartments. amenities include: Direct beach accessRooftop pool and social area with panoramic beach and mountain viewsGround pool and social areaChildren’s poolFitness centerGame roomLow monthly maintenance feesCovered parking24-hour securityOther advantages: Home to an established community of English-speaking expatsA short walk to several excellent restaurants and a mini-supermarketAbout five minutes drive to the major supermarkets, banks, shopping, and more restaurantsJust over an hour from Panama City, largest city and national capitalDeveloper units have long since sold out, and people take advantage when a resale comes on the market.High resale value and reliable rental incomeThe Apartments iconic and high-demand development– occupying an exclusive and enviable waterfront position and filled with lavish amenities.The units, which sit on the 1st, 2nd, and 4th floor, each offer a prize-winning & unobstructed view of the Pacific, and a private balcony fully furnished, with modern tropical-chic décor that suits its beachfront ambience kitchenettes have also been providedNow for the numbers: average monthly rental: $2,200; property mgmt fee $115, condo maintenance fee: $68; Cable wifi $60; electric $60 mo, Rental mgmt fee: 20%; asking $185,000 USDMore detail in terms of Property insurance, taxes pending.

He said many times they are not ready to sell but by developing a relationship with the owner, when he/she was ready to sell he had a foot in the door.If you're in this for the long term you might want to start reaching out to property owners.

How long would the land sit without a developer building on it?

Rents are climbing and the larger multi-family developments don't directly compete.  

I'm very interested to see how things develop within BP.