Building spec homes as an investor for a profit

[Robert Ellis]

Is anyone building in markets as an investor with builders where you are an out of state investor and building in a market not local and hiring a general contractor to build at which point you sell spec? We are pitching this strategy and I'd like to get someone with some experience to look at our underwriting and floorplans and budget to see how it compares to opportunities they see in other markets around the Nation. Our specific market is Columbus, OH. We build a spec home for approx $258k and resell for $375k.