I have a friend that secured a deal on a property in La Jolla with none of his own money because he listened to the owner -- I kick myself to this day because I had talked to the same owner numerous times about other things but I didn't listen to him like my friend did so I missed the opportunity.I had kind of tuned out the opportunity because the property is in a really expensive part of La Jolla and I didn't think I could secure a deal on a $5M house when I was just starting out.But my friend -- who had no more experience than I did -- and the developer he worked with -- and who paid for everything -- made $7M each off that deal because the house ended up selling for $28M.Anyhow, my point is that while you should keep doing what you're doing because there are deals everywhere and you don't need to live near by, don't ignore your own backyard because you probably know it much better than any other area.

Hello,I have a question just out of curiosity, suppose there is a development of highrise apartments may be within 2 to 5 miles of radius with say 700 apartments , how does it impact small landlords with 2-4 units close to a major metropolitan city?

I am leading a multifamily high-rise development in Colorado Springs and i've never done anything in this space before.

I currently am someone who works a 9-5 but also makes income via the stock market and looking to diversify into real estate and also would like to get into development in the future.

My problem is how do you find investors/developers? 

.), but my family cannot relocate to a big city.I know the business with regards to structuring the capital stack, how investors/developers look at deals, how lenders look at deals, and I can underwrite CRE investments.

The important things to consider are finding a single family on a multifamily zoned lot, number of parking spaces, number unrelated parties allowed in that city/county, and overall lot size (for future development).  

Norris; Pool)— i.owner's intent (nature and purpose for which the property is acquired); ii.The extent of improvements and advertising to increase sales; iii.number, frequency, and substantiality of sales [this generally is the most important factor (SuburbanRealty Company)]; See (c) below iv.duration of ownership; v.continuity of activity related to sales over a period of time; vi.extent and nature of the efforts to sell the property; vii.The extent of subdividing and development to increase sales; viii.use of a business office for the sale of the property; and ix.character and degree of supervision or control over representatives selling the propertyNote: Per court case SUBURBAN REALTY CO. v.

I currently have 12 units, with a SFH home and 2 lots under contract, in which we intend to develop duplexes.

If new building supply is not exempt I'd expect less development which would exacerbate the affordable housing supply issue.