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Updated about 2 years ago,
Bulk purchase of late-stage new construction single family homes
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.