To recap Residential Land Development Part 2, we discussed the importance of performing an economic feasibility study with cost estimating to determine a max price land offer and whether or not there is enough profit in your potential deal to warrant spending more time on it, or actually developing the land.
Assuming you’ve done that initial research and arrived at the conclusion your numbers look good, you’re ready to go back and do it all over again. This time you’re going to be more exact with your numbers. To do that, you’ll really need to hone in on the potential design of your house, and to do that you need to research what’s possible on your lot. You do that by learning all you can about the zoning codes in your city. These are the third and fourth steps in the residential land development process.
I hate running. I pretty much hate any form of exercise. I have no problem doing my real estate work, but when it comes to working out, I’ll admit I’m very lazy and lack discipline.
Do you act rich? Do you flaunt your wealth, or pretend to be rich by driving a car you can’t afford?
To start this game of let’s-pretend, take all the money out of your wallet except for $25. If you have less than $25, put in the additional cash to get to $25. If you don’t have the additional cash anywhere, skip to the end of this post – you don’t need to play this game.
There seems to be a lot of curiosity, myth, and maybe even ignorance when it comes to private lenders. So, hoping to shed some light on the subject, I had a candid conversation with a private lender with whom I’ve worked with, and respect. She did not want to have all of her information listed because she doesn’t want to get bombarded with phone calls. So, I will just refer to her as Patty. Patty does want to hear from good investors, however, and I’ll tell you how to get in touch with her later.
What’s worse than not getting any deals and struggling to buy houses? The answer is buying the wrong house. You see, many investors take an early exit from this business because they overpay for a property or because they don’t understand the correct formulas to use when evaluating a deal.
Joshua Dorkin
Charles Feldman
Ted Karsch.
Are You RICH or Are You POOR?
by J. Lamar Ferren | October 17, 2009Are you RICH or are you POOR?
For as he thinketh in his heart, so is he. ~ Proverbs 23:7
It’s a question that many people don’t think about that could truly shed some light on why people are where they are in life. The answer isn’t as simple as it seems.
Knowing if your RICH or POOR upfront is a direct reflection of your success in life.