All Forum Posts by: Matthew Porter

Hey all! My title and description say it all; I'm needing bids for drywall repair and paint on a 1,300 sq.ft. townhome in Spanish Fork. If you've had a good experience with a highly skilled and honest contractor, please let me know!

I'm just getting into residential real estate development in Utah County. My goal is to find raw land, take it through the engineering and entitlement process, and sell approved preliminary plats to developers that will finish physical improvements. 

I have a close contact who retired from land development after the financial crisis; the profit numbers he would always forecast back then were roughly $20k/lot for entitlement (if the project was sold as a preliminary plat) and another $20k/lot for physical improvements. Are these numbers still accurate? If not, what profit are developers typically expecting?

Thanks in advance