All Forum Posts by: Jay Miller

I would assume this is across the board, but is everyone here seeing excessive inspection delays? I requested a final inspection for some electrical work at one of my buildings about 5 weeks ago...still nothing scheduled. A tenant wanted to move in today and now cannot. Is everyone seeing the same thing? Are there workarounds to this?

 Super nice guys. Didn't take long either. 

 I will second this. Waited months to hear back from them when I registered online. Finally gave them a call after not hearing back and they were able to come out two days later. 

@Tim Matthews PM me 

PM me. I have a solid contact for appeals. 

Thanks, Jonathan. Looks like these costs are going to all be $100/sf + for sure and likely in the $150/sf range give or take, similar to what you mentioned. Really quick comp analysis in the immediate surrounds of my land shows sales no higher than $330k for a ~2k sf SFR. Margins at this point are basically zero after costs. Not sure how people are making money here unless they're developers themselves. Might take the land money and throw it back somewhere in the Midwest.

Hi BP - I currently live in Chicago and am relatively new to investing in RE (one flip, one MF - both in Chicago). My mom bought a plot of land in Poinciana, FL years ago and has been sitting on it. I keep getting offers on the place but I'm trying to convince my her the best play would be to build new constructions ourselves with the help of a full service GC. A quick comp analysis looks like I should be able to fetch $300k+ for a new build (4br/2ba). My question is in regard to costs. Looking online, I see anywhere from $60/sf to $200/sf for new construction...what can I realistically expect for this area? In Poinciana, specifically, does anyone have prior knowledge on what I can expect to spend if I hire a full service GC to get this done? Can I build a ground up 4br/2ba in the $100k - $150k range? What is the complete timeframe for this? Things seem to be backed up everywhere I look. I've also never done a ground up development. What other items (I'm sure there's a million) should I also take into consideration? Any guidance helps.

Hi BP - I currently live in Chicago and am relatively new to investing in RE (one flip, one MF - both in Chicago). My mom bought a plot of land in Poinciana years ago and has been sitting on it. I keep getting offers on the place but I'm trying to convince my mom the best play would be to build new constructions ourselves with the help of a full service GC. A quick comp analysis looks like I should be able to fetch $300k+ for a new build (4br/2ba). My question is in regard to costs. Looking online, I see anywhere from $60/sf to $200/sf for new construction, I'd assume depending on finish level etc. In Poinciana, specifically, does anyone have prior knowledge on what I can expect to spend if I hire a full service GC to get this done? Can I build 4br/2ba in the $100k - $150k range? I've also never done a ground up development. What other items (I'm sure there's a million) should I also take into consideration? Any guidance helps. 

Thanks! 

 Thank you! DM'ing you

 Thanks, John. Makes sense. And agreed - avoiding a water service upgrade. I'll DM you for contacts.