Case for Becoming a Home Builder / Land Developer

[Andrew Wydra]

Thoughts I'd pass this interesting WSJ article on to readers. Overview: the how real estate market has neglected new entry level homes. There is very little supply which offers an opportunity for those with the skills to become a new home builder or a land developer. I've worked with local guys that have taken a piece of in-town property and subdivided it into 4 lots. They sell those lots to home builders and take a nice profit in doing so. It's one of those areas in real estate that a lot of smaller guys don't touch b/c of knowledge. Maybe it's something you want to look into as an alternative to flipping. 

http://blogs.wsj.com/developments/2015/06/25/economists-home-builders-neglecting-entry-level-market/

[Jay Hinrichs]

@Keith Bloemendaal  I know of builders that do entry level stuff price points 120k ish  profits 10k ish.. but they will build 50 to 80 a year.. seems like a tonne of work to make 500k  LOL.

starter now in charleston is 300k