I graduated from the University of South Carolina with a degree in Civil and Environmental Engineering in 2019 and currently work as a Land Development Engineer (EIT) with a global architecture, engineering and construction firm.

Pros include cash developer fee, cash flow and asset value with no long term cash invested (pursuit costs at risk repaid at closing), minimized risk with rents below market.

I would definitely want to develop a system where I am confident in the guests I would allow to stay at my rentals.

That said, while the trend among the large developments is the all-inclusive approach, there are plenty that aren't interested in paying upwards of $1,000/bedroom or the pool/golf simulator/shiny complex lifestyle. 

I've been following commercial real estate for the past few years and I've developed a personal preference for the STNL space.

I've developed a successful Wholesale Business in Louisville, KY that has made close to 6 figures this year and has had growing profits for the past 3 years, I'm getting into Commercial and Leaving Residential and plan to cash in and sell my Wholesale Business, I just have no idea what it be worth or what to ask?

Hi BP team,I’ve been trolling the forum for years and just closed on my first rental property in Philly, a triplex.Close date was 4/15 and no lie, the last 45 days have aged me with stress and anxiety(I’m 27).I purchased just outside a college area, not really a prime location/there is a new property being built right next door, which started the week I closed and development on my block.Long term, maybe my home value increases w the development — BUT it literally killed the lighting/views in a couple units which is making tenant finding harder (plus construction noise) and I kind of already knew my challenge would be in placing tenants.

Highly experienced builders/developers have reported here on BP that on average their profit is around 15% of the final sale price of a house.

Developer?

I think this speaks volumes about character development and loyalty in such settings to create morally sound folk and great people overall but I’d like to know how to better apply such recruitment and selection criteria when it comes down to reaching contractors to begin with a positive narrative.