I could potentially sell this home in the mid 500's currently.

I currently manage the property so, I know that the operating expenses amount to $67,204 annually.I've done some research and found that the cap rate in our area typically falls between 7-8%.

Private lenders are great, and they may also be interested in potentially partnering with you on your flip.

Investment Info:

Condo buy & hold investment.

Purchase price: $230,000

Cash invested: $50,000

2 Bed 2 Bath Condo with attached 2 Car Garage in Walled Lake city center. Very close to Walled Lake s...

I'm finally in a good cash position to make a move and have found a property with what looks like great potential. 

I know somebody living in USVI right now, so potentially have boots and eyes on the ground, so to speak.I will check into the Dave Foster book and do some you tube searches.Thanks for the great insight!

Are the closing costs a deal breaker compared to having cash on hand for any potential opportunities? 

I say that because after some research on division of corporations website both companies have the same address and registered agent name.

If you're considering investing in land, you need to do your homework thoroughly, understand market trends, assess the potential value of the property, and also take into account various potential risks and issues such as ownership rights, usage restrictions on the land, development costs and so forth.

Just don't allow your frustration with the situation to cause you to make any other potentially more expensive mistakes.John