Mike: Thank you for the comments.
I have noticed that those areas are a little pricer but it appears there is a handful on the market right now that could work. My guess is that they will sell fast being in a good neighborhood. Specifically looking at the area between the two colleges. I am also just starting out and open to other neighborhoods. I would prefer to operate in more established neighborhoods.
I would certainly be interested in looking at your foreclosure inventory.
1. I will be self-performing most of the work for the first 2 or 3 and subcontracting work I cant do. My background is in construction management so not much will scare me off; as long as I can quantify the risk and make the numbers work.
2. That is very surprising to me. I currently work in commercial construction as a GC and we have large issues with labor shortages. We pay 30% more today for labor than we did 5 years ago (quality labor that shows up). Do you know what the typical hourly wage for a laborer is in Billings? I will need to review my estimates for electrical, plumbing and HVAC work. Do you have any reliable contractors you can recommend?
3. Also a surprise, Texas has an 8.75% sales tax so I assumed any added cost for shipping north would be offset by the sales tax. I will need to do some digging into this as well and adjust my estimates.
Thank you in advance for your help and taking the time to respond.