Ready to cross over to the world of multifamily buy and hold, rehabbing/flipping, land development, REO/pre-foreclosure/short sales....If it's a deal...we're there!

I have been using the site to educate myself on a variety of subjects over the last few years and am now ready to develop my network and make my first deal.I have been renting in Syracuse and am now looking to purchase a 1-4 unit property.

Sounds like you're on your way to developing your own!

Sounds like you are have a game plan.We are retired military and started investing in the DC area 15+ years ago.Bought, lived-in while we repaired, then rented.

I've been reading many posts on BP and now I'm ready to engage.My primary motivation for real estate investment is for retirement income.My primary goal is to buy & hold long term cash flowing rental properties.Right now I feel pretty confident because I dominated a family game of Monopoly today!

What might be insured is between the insurance carrier and the lender.Considerations are vast, the local economy, the project, management, financials, timing of the project to completion, basically all areas that a lender will consider.As to sub-prime, never heard of it, as coverage is generally afforded to strong borrowers, developers that are entering a project at a higher LTV initially and the LTV is reduced as a project comes to completion, the initial risk.Apartments or properties held long term can be insured but again usually to cover the LTV risk, that is risk enough and to add sub-prime credit, management, or low debt coverage issues really isn't an insurable risk.

I think there's a ton of opportunity in town for developing some of those borderline safe/desireable areas.

I'm currently developing my vision and looking forward to eventually telling my success story.Happy New Year!

A couple things from my perspective: TX is a very low barrier to development state especially compared to CA and even the geography is wide open so the danger is that developers will just move a mile down the road and build new product to compete with yours if good employment is headed that way.

I'd like to have skin in the game on my first new deals.