I have a question. I want to buy this property and continue a split that is already in progress. after the split it would be 4 1 acre lots. Here is my question. If I have an investor put up the money, what is a f...

When developing your PLAN, and you must develop a plan, to leave your job and go full-time at whatever you desire to do, you must look at a couple of things.

I know this is an ad click revenue site & you need thousands of users,but it is tedious to wade through the posts to get to the good ones..The signal to noise ratio is terrible.I just get so tired of seeing TV,hearing radio,books on this stuff.If it's isn't get rich quick at poker,it's flipping houses.The rich dad guy appears to be the biggest scam of all.From what i've heard,he appears to live in a universe where there are no bad deals,bad tenants or housing bubbles.Ask your RE agent how many deals have been backed out of & time wasted trying to do business with 1 of these seminar gurus.

I was at a seminar one time, that ended up being a pitch for "coaching", but he spoke of a device that was developed by NASA that removed any odors in just a few hours.

First, you should know what developers are aiming for in terms of dollars per square foot.

I'm not sure where this idea of "getting hit hard" with taxes comes from.US tax rates are lower than they've ever been (too low looking at our record deficits) and the LOWEST of any "developed" nation.Anyway, to your question.

If every year you end up with a net gain of only 3 or 4 paid for, $400/month rentals, you'll be f**ting through silk in just a few years.When you go to borrow $20K and realize that you're going to pay $4K IN C**P FEES, for which you get NOTHING, you'll come over to the "dark" side.There's an expression developed regarding the stock market but it's equally applicable to the RE market as well: "Bulls make money, bears make money, hogs go to slaughter."

You may not need an investor for additional cash.As said above, you need to know what the project is worth after development.

But long term I would to develop warehouses, apartments, skies the limit :mrgreen: But for my first one I am mostly concerned with learning more than making a huge profit.

I am assuming the NV side for tax purposes etc. but I am curious about new developments for a good vacation rental property. 8)