VA Beach development Please help

[Skyler Mckinney]

So I'm pretty new to BP and this is my first post. I've have been listening to podcasts every day, reading in the forums and trying to get myself prepared for my first deal. So a little background I'm in Virginia Beach and thinking that we need new development for lower-income families. All the new developments are starting in the low 300's-400's Majority of the city is military and retired military so there is this huge class gap. For a 1200 sq ft house in a decent neighborhood the price is upward of 250k. Most of the military and normal working-class family's can't afford that so they are stuck in not so nice neighborhoods and townhomes. So what I was thinking was a decent 15 -20 house development with 1200-1600 sq ft homes starting in the low 200's and capping out in the high 250's. I know there is a market for this and I know the homes would have no problem selling but my question would be is there a profit in this? How, would I go about even starting this project? Like I stated I have never done a deal, I was in the NAVY for 4 years and now a government contractor so not my area of expertise. But I want to help out the community I want more affordable and nicer housing for the military and lower working class family's.  Thanks for taking the time to read my first post. Please share any questions, comments, experience, or investor inquiries! 

Skyler McKinney 

[Christian Drake]

Hey Skyler,

We're pretty much in the same spot. I was in the Navy for 5 and I got out just about a year ago. I'd encourage you to go to a TRIG meeting. They have meetings every third Tuesday of the month I believe. I listed the link below.

https://www.trigofva.com/