All Forum Posts by: Mike Salisbury

I've watched a few of these deals blow up.

Valuations become very emotional as people hear what the neighbors get offered and inflate their property with little basis. The last few owners you approach have the power as they realize without them you have no deal.

My approach: meet them individually and have a stringent NDA- neighborhood gossip kills these deals.

Best of Luck.

$80-$83 per sq. ft. for basic finishes. Upgrades and designer finishes can push cost above $100 per sq. ft.

That's exclusive of permits, sewer tap, utility hook ups and land cost.

It all starts with plans . Some investors buy stock plans online and make modifications with the builder to customize to site conditions or preferences.

No, its $15K per lot and there are 7 lots available.

Seeking an investor/builder to purchase 7 TH lots adjacent to Silver Comet Trail in Hiram. Current  Townhomes under construction listed for $175k to be completed fall 2016. Great opportunity for investor interested in ground up and seller will consider BTS. This is a well-maintained community with few available resells and is central to surrounding shops and restaurants.

Respect to you for thinking of a different approach. As a Builder, I know we miss wildly on predicting what people will buy. This cost us money as days on market (DOM) grow and eventually a price reduction becomes necessary to sell the house.

My recommendation is to have a local Real Estate agent on your team to guide you on your plan purchase. They have feedback from what current buyers are seeking. There is substantial risk in what you are proposing but I wish you luck.

Did you get your list from the Local Tax office or buy your list and if bought from where?

@Joshua Carvalho if you don't mind me asking. How are you finding distressed landowners, direct mail?

Are you paying cash to dbl. close, assigning? Or are you listing?

I've thought of this but thought the buyer pool would be too small.

Thanks in advance.

Gerald,

I am interested in land too. Have your marketing efforts produced results?

If there is still a seat at the table count me in.

Flood Insurance is based on FEMA maps. You can check their website for a map of the area for free- it wont have the detail of a plat. Sometimes FEMA raises a flood plane and the local municipality is slow to revise their information.

Following closely how this works out for you.