Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Land & New Construction
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago,

User Stats

5
Posts
1
Votes
Bob Pudlock
  • Investor
  • Destin, FL
1
Votes |
5
Posts

Bulk purchase of late-stage new construction single family homes

Bob Pudlock
  • Investor
  • Destin, FL
Posted

This question is for anyone who's looked or has purchase single family home new construction IN BULK already being constructed or finished.

25-30 single family 4 and 5 bed 

Possible exit strategies - flip, straight to rental, sell lease option, upgrade and rental - I'm agent/investor and have a post-purchase plan in place to project manager, property manage, work with vendors on upgrade work.  I'd be local to area, can manage developer finalizing construction and post-purchase upgrades, get units leased, list to flip, sell the lease option.

12-15 million in total for currently available lots in Florida

In general, what would an institutional buyer or private money group want to know from me and see from me on something like this?

I see some economies of scale, a window of opportunity and a couple other factors which give something like this edge that's advantageous to a group open to multiple exits. I'm looking to connect with someone who a) has pitched a bulk purchase recently of similar type or b) someone with private money interested in JV who's already done or is actively seeking such an opportunity.

Some have already been sold at retail, builder warranties in place, some pain on the developer side, positive mid to long prospects on the location, the area, future expansion, growth, employment all favorable.  

Bob Pudlock
Banyan Bridge Group