Like someone else said better to buy land that is already suited for use. 

I've had success turning vacant Florida land into private shooting ranges.

I'm Renee and I am a real estate investor and agent in greater Long Island NY area.

Hey everyone, I am wondering if anyone else is out there that purchased land at auction in Deltona FL.

I'm interested in purchasing land.

The land itself ran us about 3600/ acre, (480,000) and approximately another 20,000 in closing costs.

Michael,   A good book to purchase is "Professional Real Estate Development: The ULI guide to Business.   

Answer sure.. have to check if there is a due on sale clause or if you have a PG to the orignal seller.. that mortgage stays in your name unless there is a formal assumption  Maybe the example is more challenging for a house as the property.Ex. with vacant land - seller finances to me $20k with 5% down and $1k/moCan I after 1-2 months, then resell the land to a cash buyer for $25k, pay off the original $20k and pocket the $5k?

You can certainly own multiple assets in the same LLC, but I would be careful about operating a business and owning other real estate or investments in that LLC.

Definitely geared towards ppl that are intermediate in Real Estate.