If you are looking to invest in Allentown based on appreciation from economic development, might want to look into the waterfront project area.http://www.mcall.com/news/local/allentown/mc-biz-n...https://thewaterfront.com

To obtain financing it can't be larger than 25% of the total community square footage. 10% of the budget to go towards reservesNo active or pending litigation (HOAs like to go after the developer for construction defects)No assessments (ask for the last 12 months of board minutes in your offer.

There are too many factors that have to line up perfectly to make this work.Your best bet is to work something out with your ex-wife.

This depends on multiple factors What is the LLC doing? 

There is a lot of land available and the area and I've always thought it was a matter of time before you saw more development moving in.

So by the time they factor all of that in, your buyer will be right around ARV.

hey Karen what company did you speak to already and which development are you looking at?

I'm aware of all the good development the new casino's, Stockton, the tech company the Tenseness ave re development, the supposed re development of ducktown etc etc but there is no factual comps to support a real estate boom higher then 10%, overall home sales in the country are still down and there has not been much of a kick up in sales in Atlantic county. 

I was very intrigue last year when the Opportunity Zone Funds was being develop, even participated in Webinar call-ins as state started listing potential locations for OZ Funds, this moved fast, but the Capital Gains requirement left me out of investing. 

What would you factor in creating a win-win situation for yourself and the GC?