All Forum Posts by: David Vanlandingham

@Barry Ruby i'd love a copy of that pro forma.  Thanks!

@Brendan Fucci make sure you are using stem wall and not mono slab.  Building in Miami will be generally mean lots of fill dirt.

Go West!  Areas west of Orlando have some hot pockets, Clermont, Groveland and Mascotte. Another choice is to buy some land and sit on it until areas around the land start to grow, now you can either build on the land or sell it for close to twice what you paid for it. Lots of options comes with the massive growth we are seeing here in central florida and SWFL. 

@Ginny Adkins thanks!  We are exploring other areas around Orlando as well. Hope all is well for you!

@Ginny Adkins matching up investors with New Construction in SWFL and soon…Clermont!  

@Ginny Adkins  Hey Stranger!!  I think Suzzane Docobo Messina either does or has someone handling hers.  Not sure if she is on here but she is on my FaceBook friends list.

@James Pegues depending upon your market, your doors in most cases should appraise higher than the build costs which gives you a better equity position. This can be useful if you choose to tap into that at a later date.  This is another benefit of new construction along with builder warranties, less concerns initially on capex items and better insurance rates based on everything being new.  Now new construction by no means is hassle free!  Due some due diligence on your builder.  No builder is perfect but how they handle "imperfect occurrences" speaks volumes about their willingness to stand behind their work.  Look for builders who provide a 10 year structural warranty and 2 years on mechanicals.  Cash Flow is great but leveraging a fast appreciating property helps to speed up the process of scaling.

I agree with @Bruce Lynn on this. Your construction cost should be $160-170k per door based on finishes. We are building quads in Florida and those numbers are spot on. 

I can tell you this, 15 minutes in any direction from Orlando is hot right now. I live in Winter Garden and it’s getting crazy here. The entire 27 and four corners is the next hot area. Not so sold on Haines City but north of there on 27 all of the way up across 50. Watch Davenport, Groveland and Clermont as the next big boom. 

Get out to the next growth areas ahead of everyone else! Groveland, Davenport and Clermont are going to be the next hot spot. We are exploring Clermont now and will be looking to build 50-80 SFR in 2022. Lake Nona is great if you made your investment in 2020 but prices have quickly risen since then.

@Shyam Panchal Isn't Spring a little expensive regarding proeprty taxes and some areas have MUDS?