The reason being is there is no more land to build, which limits supply.

You need to build a team (Legal, Title, Appraiser, Accountant) just like when buying real estate. 

I was hooked, and I haven't stopped learning and growing in this industry since picking it up a little over a year ago.

Vice versa, if you are just starting out, you might want to be more conservative to tackle any unexpected expenses that arise.The 70% rule is an industry standard, but that doesn't mean you can't adjust it based on your desired ROI.

Feel free to reach out to me directly.Looking forward to connecting with all of you and building some prosperous partnerships here on BiggerPockets!

Orhi Hi Orhi,Been plugging away in Toledo, OH since 2014Here are answers to your criteria regarding Toledo1) $75,000 - $100,000 buys solid B class2) Toledo University is solid and employs many people and has foreign students (43607 zip code)3) Car manufacturers, Pro-Medica, Andersons and the glass industry (Most blue all blue collar)4) Hit and a miss5) Declining population from a macro market but certain pockets in high demand from a micro market stadpoint6) 500,000 people including surrounding suburbsWishing you much success

A new single-family home in 2022 cost $392,241* to build.

I've been listening to the bigger pockets podcasts and I remember David Greene saying a few times that depending on your situation, if you can hang onto an appreciating asset even if it isn't quite cash flowing that it is sometimes a good move because appreciation builds wealth long-term and eventually rental rates will go up.

So, we have a few possibilities: 1) My parents could sell the home and buy a new one with cash which we could do a land contract again. 2) My parents could buy vacant land which we can then build on. 

In my professional life, I work as a construction sales professional, primarily in the commercial and industrial sectors.Goals:My journey in real estate investing is driven by several key aspirations:Applying theoretical knowledge to practical investment scenarios.Connecting with fellow investors to share experiences and insights.Exploring collaboration and partnership opportunities for mutual growth.Committed to continuous learning and professional development.Building a sustainable real estate portfolio for long-term wealth creation.Why Syndications?