Prices for office building nationally are lower by an average of 45%.Older buildings with obsolescence of layout, electrical systems, locations etc are valued 70% + lower than 5 years ago.  

If an agent has closed multiple homes there below asking, that’s a sign they can deliver.If it were me, I’d interview 2–3 agents, ask for specific examples of deals they negotiated on new builds, and see who can talk details rather than just promising they’ll “get the best price.”; I'm an agent myself and this would likely help you put the best foot forward to narrowing down one that negoatiates well on your behalf but @James McGovern keep in mind that of course there is not magic wand..

It’s been an interesting path compared to traditional real estate investing.Would love to connect with anyone else who’s building wealth through notes.

I am also looking at possibly buying land and doing a new build.  

Since you’re looking at house hacking, you’re already on one of the best ways to start building wealth while minimizing risk.

Quote from @Ed Furst: @Drew Sygit Hey Drew, my partner is originally from the Detroit area and was previously aware of Sanborn Construction, a construction company building tons of properties in the Pontiac area I don't think they are building new construction in Pontiac, but are renovating properties investors purchase.In our opinion, Pontiac would be VERY challenging to build new and sell for a profit.

With a cost segregation, you back out the land value and then typically 15–30% of the building cost can qualify for bonus depreciation, so on a $300k property that’s roughly a $45k–$90k first-year write-off.

I’m evaluating a former car wash property in Metro Detroit:Just under 1 acre lot~4,000 sq ft building with multiple bays (9 ft clearance overhead doors)Zoned C4 “Multi Use Commercial”My concept is to convert it into multi-tenant flex space for auto-related businesses (detailing, tinting, wraps, light mods, etc.).I’d love to hear from anyone who has repurposed a car wash (or other single-use building) into something else.

Sometimes people start with a simple long term rental to get comfortable with remote ownership and build equity steadily.Just curious, are you leaning more toward building cash flow right away, or do you see this as a long term equity play to start compounding?

Quote from @Samuel Al-Harbi: Hi all, my name is Sam and I'm an investor of 6 years (3 buildings, 8 doors) in Massachusetts.