Wholesaling 159 Lots in SW Florida

[Langston Grant]

Hello All,

I've been a wholesaler for almost a year now. Previously I was doing single family and some smaller multifamily purchases. Now I have pivoted into doing larger deals such as 20+ property portfolios, large apartment and multipurpose buildings in downtown areas, and also land acquisition deals in the state of Florida. 

I've recently gained an opportunity to wholesale 159 lots in SW Florida, part of a new subdivision being built. All of the lots are ready to be built today. FEMA and EPA cleared, public water and sewer connected, and roads and Stormwater systems installed.

Although I'm new, this seems like a very solid deal to me. It might just be the scope of my new network, but I'm having trouble finding a buyer for this purchase. 

I've reached out to bigger home builders like Lennar and D.R. Horton in the area and they have slowed down their acquisitions in the area. I have had a couple of people look at the deal and I never hear back. I have full documentation, pictures, and reports for all of the 159 lots for sale. I'm not sure why I can't find a buyer. 

Looking for help to find the right people for this, or if you are/represent a bulk home builder in the area who does purchases like this. I would love some help. The price for this is $5M. It might be a tad bit high, however according to my numbers and some other connections I have, the profit on this deal for the home builder would be north of $25M. Looking for some help, a point in the right direction, or just the right buyer. Thanks a lot in advance for any help anyone can lend. 

[Jay Hinrichs]

tough time to sell shovel ready lots.  there is a major slow down in new construction.. these will sell when market comes back in a few years.

other wise builders are going to want take down schedules not cash out day one unless there is a MAJOR price cut.. thats what happens when markets change to those holding dirt.