All Forum Posts by: Levi Caron

Jeremy, the town is very small right now and the land we are looking at has already been subdivided and ready to build on. I would say the town has been overlooked and has a low inventory of houses in the 300k price range for young families. I do believe I have good resources to get the project started. I know one builder who wants to build a apartment complex for more employee housing and have them commute to Jackson, Also. enterprise car rental is looking to start a van pool to help with the commute.

I'm looking to partner on my first development project in a town outside of Jackson, WY. I just moved here last year and it is very expensive to do anything in Jackson. I started off as a buy and hold investor and bought 2 multi- families, one single family, and a partnership on a commercial warehouse. Since I moved to Jackson I've been looking for new opportunities within real estate. With doing research, networking and talking to realtors there is a demand for new construction for single family homes in the 300k price range. I found a partner who's a architect and has experience as a general contractor on a couple large jobs. He has a possible loan from his grandfather and I have 250k lined up from a private lender at 7.5%. Looking for advice on how to get this project started to be the most efficient with time and money. Our rough numbers right now are building cost at 130 sqft and selling it for 175ish sqft. We're looking at building a 1700sqft, single level, open floor plan, ranch style home. Is 30k a safe number for our profit margin? Also, if he gets a large enough loan we would consider building two at the same time to cut down on material cost.

Hello biggerpockets community, I subscribed a few years ago but just became a pro member two weeks ago after seeing all the ways I could benefit from the upgrade. I currently own 4 properties and am working on my 5th. But, I'm sure what direction I want to go with my fifth property. I Started off as a buy and hold investor focusing on mutli-family properties. Right now I have 200k of private money at 7.5% to use for my next deal. I keep thinking if would be a good time to find a fix and flip project to use this money towards instead of another multi-family unit. I would love advice on what the biggerpockets community thinks the best angle to take is? Lastly, I do have a great realtor and two mentors who have a lot of experience to coach me along the way if I decide to do a fix and flip project but  they live out of state.