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Flipping Rezoned Land to Developers
19 June 2024 | 0 replies
Hi all,I have recently established my land acquisition business with the goal to purchase parcels of land, either within data center opportunity zones or areas with the potential to allow for data center development, rezone the property with submitted plans, then sell to developers ‘shovel-ready’ within the various jurisdictions of the Commonwealth of Virginia.I understand there are multiple mechanisms that come into play including obtaining financing (partnering with an experienced investor), utilizing land-use attorneys, land surveying and engineering firms, appraisers, as well as approval from local planning commissions, board of supervisors, etc.Would there be any investors who are currently active in this niche?
Jennifer Fernéz
Details about Commercial Loans
21 June 2024 | 13 replies
CAP Rate = Net Operating Income / Property Value (Purchase Price).
Catherine Ding
Delayed financing - all cash offer then refi immediately?
20 June 2024 | 30 replies
Hey Catherine,We classify it as a 'Delayed Purchase' and set it at 80% of purchase price.
Michael Carbonare
I turned $800 into $10,000 in six months. You can, too. Here’s how I did it. . .
21 June 2024 | 3 replies
I responded to her FSBO ad and made my offer which she happily accepted: a 36 month lease option; I'll bring her mortgage current, (1 month, $800), and continue making the monthly payments; option to purchase price of $88K, (my estimate of value, $100K); and I had the right to buy, sell, sublet, or assign the property at any time during the 36 months.
Erik H.
Cost of building in Bryson City / Maggie Valley
18 June 2024 | 12 replies
It's a great town with plenty of opportunities for vacationers that are looking for something more quiet in comparison to east Tennessee, for example.
Jim K.
PART-TIME REAL ESTATE INVESTING, a.k.a. property-side hustling
19 June 2024 | 11 replies
They talk your ear off about property given half an opportunity.
Gwyeth Smith
Classifying Spouse as Real Estate Professional
22 June 2024 | 20 replies
And I'm only half kidding because keeping your wife happy is priceless, while all tax savings have a price tag.Letting the tax tail wag your entire life is a slippery slope.
Varun Sharma
Finding good deals out of state with good CoC
20 June 2024 | 7 replies
The monthly rent to purchase price is typically 0.8 percent.As a first step, I was only looking to be able to find better deals which have a nicer rent to price ratio [once the deal is done, a PM company can pick up from there].
Andrew Jennings Freerks
Helping fellow BPers get started in investing
21 June 2024 | 1 reply
Purchase price: $160,000 Cash invested: $35,000 A Bigger Pocket member I met at a local networking event had never invested, but really wanted to.
James Humphrey
Finding cash flow in the Denver market with long term rentals?
18 June 2024 | 6 replies
With current prices and interest rates, you're not cash flowing with LTRs.