All Forum Posts by: James Peterson

 if you don't mind me asking, who was your lender. I'm having a hard finding lending due to most construction lenders requiring at least three new builds under your belt.

 Thanks for the reply. I'm looking for plots right now, ~200 a sq ft doesn't seem too bad relative to the prices I'm seeing on the market. Just shot you a PM. 

 I got you...Def still buying this winter. 

Thanks Matt, I'll definitely keep that in mind. Seems like a versatile market in terms of house-hacking strategies. 

Thanks for the suggestion, I'm looking up groups now. Looking forward to connecting with local investors in the area. 

I'm moving to the Destin area and looking to get into ground up construction in Pensacola. I've done a successful flip and currently have 7 units, however, I'm tired of unexpected CAPEX. I'm looking to buy a infill lot ~$120K cash and use that as collateral to build a 3/3 SFH with a 1/1 ADU. Anybody do ground up construction in that area and able to answer the questions below.

1. What's the average cost per square foot to build in the Pensacola area ?

2. Barring soil tests, zoning and ensuring I'm on city water/sewage/power, what other factors can bite me on the backend ?

3. Can someone point me to a recommended builder ?

4. Is ~120K an unrealistic down payment for a new build. Leveraged $480K total build cost assuming a bank will issue me 75% LTV on a construction loan ?

Hey everybody. I'm currently deployed but moving to the Hulburt Field area when I get back. I'm looking to purchase a house-hack within 45 minutes of Hulburt Field. I have 4 successful house-hacks in Columbus Ga so I'm decently familiar with the nuances (2 SFR, one triplex, one duplex). Any tips on what to buy ?

A initial scrub on Zillow is telling me that small multi is rare and my best bet are single family houses with in-laws that are zoned for ADU's. Anybody currently house-hacking in that area ? Would love to connect.

I'm looking for a General Contractor recommendation for a house in Smith Station Alabama (about 15 minutes from Columbus Georgia). Its a SFH, needing floor joist sistering and a full cosmetic rehab (LVP in main/carpet in bedrooms, paint, new cabinets etc etc).

@Karam A Tascoe can you recommend a GC. I need quotes for a property I just closed on in Smith Station Alabama.