I am nto sure what effect this would have on zoning though.

I get the picture now.. your getting interest from developers that want to subdivide the units.. and there probably is big upside. 

As a side note this shouldn’t effect a flip overly much.

Paying out mortgage is not that easy, we are considering in selling our home to buy a smaller one, but this area in under development, so I know our house will appraise more in the next few years.

Only then, can you operate an effective business.

I currently work on the investment/finance side of things for a multifamily developer out of Los Angeles and feel I am ready to take the plunge begin to build my personal portfolio.  

I currently work on the investment/finance side of things for a multifamily developer out of Los Angeles and feel I am ready to take the plunge begin to build my personal portfolio.

I'm purchasing and developing a piece of land with residence outside of Portland (in WA)-Cash purchase-Current LLC. in CA-2018 capital gains offset neededWe're (Wife and I) purchasing a SFD, remodeling and living there if we enjoy the area; flipping it if we don't enjoy the climate.Per the 2018 capital gains sold to purchase the property, we need write offs, being a cash purchase we don't have the mortgage interest write offs that would help, (granted we're saving that interest over the 30 cost of the loan which is fortunate so we can't complain).

If a builder announces a new project in an area, then what happens to the neighboring property prices?Do they increase or decrease due to supply or what?I would really appreciate if anyone can help me in this?ThanksHarsh

Perhaps there are some markets with so many eager, talented, cost-effective, and reliable workers it's easy to find them at exactly the moment some folks need them.