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All Forum Posts by: Robert Ellis

Robert Ellis has started 182 posts and replied 2813 times.

Post: Build to rent?

Robert Ellis
Agent
Posted
  • Developer
  • Columbus, OH
  • Posts 3,204
  • Votes 1,576
Quote from @Jordan D'Silva:

BTR properties are great if you’re wanting to get into new construction with lower maintenance needs- plus, they could have potentially higher tenant appeal. Just be aware that upfront costs can be higher, and returns may take longer. Property management can vary—sometimes it’s included in the arrangement, but it depends. You should also ask about warranty coverage, lease-up periods, and what kind of rental demand exists in the area. I have a lot of experience in the field, so feel free to reach out if you need advice.


 BTR is still a very small portion of the market in deliveries and less efficient than apartments I'd stay clear if you are new. 

Post: Seeking Collaborative Investors in Miami, FL

Robert Ellis
Agent
Posted
  • Developer
  • Columbus, OH
  • Posts 3,204
  • Votes 1,576
Quote from @Chavely Garcia:

Hi Ivan, I'm in Miami area and would love to discuss further with you. Also looking at buying SFH and turn them into padsplits. How can I reach you?


 let's talk further we do new construction. in miami 

Post: Seeking Advice on House Hacking Strategy: Buying Single-Family Home to Build Duplex i

Robert Ellis
Agent
Posted
  • Developer
  • Columbus, OH
  • Posts 3,204
  • Votes 1,576
Quote from @Jerome Morelos:

I recommend converting an existing space, like a detached garage for example, rather than building from the ground up. The cost to build will be significantly more than the amount of "value add" of an ADU putting you in a negative equity position. Better to spend $60-80k for a conversion than over 120k.


 new construction gets valued at a way higher premium. this is a false statement. new construction will always beat existing 

Post: How to do out of state multifamily investment?

Robert Ellis
Agent
Posted
  • Developer
  • Columbus, OH
  • Posts 3,204
  • Votes 1,576

I wouldn't touch Alabama 

Post: Land development & Spec building

Robert Ellis
Agent
Posted
  • Developer
  • Columbus, OH
  • Posts 3,204
  • Votes 1,576
Quote from @Isuf Aruci:

Hello all, 

Is there anyone that is familiar or can guide me to the process of land development ? I really need help !! 


 yes how much money do you have anyone that knows it is making a lot of money you are only going to slow them down. get the wallet out and pay for advisory services. I get paid $250 per call on my knowledge right now from firms in New York and you should consider what you bring to the table 

Post: New RE investor interested in multi-family properties

Robert Ellis
Agent
Posted
  • Developer
  • Columbus, OH
  • Posts 3,204
  • Votes 1,576
Quote from @Juan Mora:

Hi everyone, my name is Juan, I'm located in Miami, FL, and I'm looking to begin investing in multi-family homes in Florida. I have wanted to get into RE for some time now and finally decided to take it seriously. 

I would love to hear any recommendations of online resources and/or podcasts to understand the market better, as well as RE investing in general. I would also love to connect with other investors in the area and hopefully get to exchange some ideas.


 I'd recommend buidling over buying in miami for equity, I'd also recommend higher asset classes like hotel to increase your ability to buy land. not sure your experience or liquidity but I'm happy to discuss. I'm in land planning, entitlements, development, general contracting, disposition. all vertically integrated in columbus ohio and miami florida

Post: Building a Small Multifamily - Where to Start?

Robert Ellis
Agent
Posted
  • Developer
  • Columbus, OH
  • Posts 3,204
  • Votes 1,576
Quote from @Cory King:

I'd echo what @Gino Barbaro mentioned above. If you can swing the dirt cash, it can be used as leverage towards your new build. 

Do you care about any current cash flow from your triplex as it is or are you ok with say doing a refi on it to free up the cash but your cashflow drops because of it. 

You should definitely talk with a commercial lender in the area, I'm in Knoxville and built new so I'm happy to connect directly to my bankers. We also host a meetup locally w/ a massive network to pool from. 

What @Robert Rixer said in terms of cost to build isn't un realistic for our area depending on level of finish and any improvements needed to the dirt. We have soil made up of mostly clay, rock, and some sand so digging footers or basement of any kind can dramatically drive up costs. Worth investing in the soil sample on the front end. 

I'm building a small multi next year on a lot I own next to another rental locally. Happy to connect 


 we are building 5 new builds at a time including several triplexes and the investors buy the dirt cash, refinance into a construction loan. single family approval is like 30 days multifamily is 4-5 months because of rezoning. Columbus ohio is our main market and Miami Florida let me know if either are of interest. I live in miami and lived in columbus for 12 years 

Post: architectural plans for new construction

Robert Ellis
Agent
Posted
  • Developer
  • Columbus, OH
  • Posts 3,204
  • Votes 1,576
Quote from @Danilo Grullon:

Hello fellow investors.  

I'm looking to build a single-family house in Miami and interviewing architects.  The plan is to build a modern two-story 3200 sq ft house, 4 BD, 4.5 BH house with a garage.  The architectural quotes I have received for design, city review changes, and all construction docs are extremely high.  I'd like to hear from the community what's the average architectural cost that I should budget for the design that I'm looking to build.   

Thank you in advanced


 I design build houses 1-3 family for 10k flat. I don't think you need an architect. 1-3 family is exempt in the state of florida and that's what I use for it. I live in brickell and do projects in columbus ohio just moved to miami 6 months ago. happy to take a crack at it. we own all our floorplans as intellectual property starting to look at licensing deals. we design compact well designed homes for investment but miami is a whole other animal 

Post: Contractors license for ground up construction

Robert Ellis
Agent
Posted
  • Developer
  • Columbus, OH
  • Posts 3,204
  • Votes 1,576
Quote from @Andrew Jones:
Quote from @Malcomb Stapel:

@Andrew Jones the lenders are trying to vet you out. Or, more likely, they have vetted you out, and they want some extra insurance on the deal. Think about it if you were in their shoes and lending out money. Are you eager to lend to someone who has never done ground up construction before? I wouldn't be. 

It's not unheard of. I have a friend who did a ground up with a local bank. The lenders came out to his sight and asked him all kinds of questions about his experience, who's doing this that and the other, etc. 

As far as requirement, have you asked them directly what they are looking for? 

Hi Malcomb,

Yes, I had several conversations with the hard money lender and asked the hard money lender directly what they are looking for and got these responses from him:

"...you need to add someone to the loan with construction experience that has been an owner of a property they constructed and not just a builder..."

"...someone that has been on title and that has done a build. if we have that, we have a lot of what we need..."

"we need someone that has ownership in the property that was built..." "we need someone that bought the land and did the build or at least can show that they were full or part owners..."

"They just need to have ownership in a property that was taken from a raw piece of land and made into a new build home. or, it could be a tear down of an existing home and into a new build. basically, we need to be able to go onto the property card and see their name on a new build as owner or see their LLC or an LLC they are part owner of listed as owner."

Did your friend have prior ground up building experience or was it his first ground up project too? 

 what market? we would qualify anywhere in ohio. we build 5 houses at at time in columbus ohio and multifamily as well. currently have hotel deals going and apartments up to 70 million dollar deals 

Post: columbus ohio new construction and development projects

Robert Ellis
Agent
Posted
  • Developer
  • Columbus, OH
  • Posts 3,204
  • Votes 1,576

Hi all, I’m Rob Ellis with Pink Development and Construction. I’m a licensed general contractor, licensed demolition contractor (both for over 5 years), and a licensed real estate agent. I’ve been active on BiggerPockets for over 8 years, contributing thousands of posts to the community.

We specialize in new construction of single-family homes for flips and triplexes for long-term holds or sale in urban core-adjacent neighborhoods of Columbus, Ohio, where land costs are under 10% of asset value. For instance, a $450k house would have land valued at $45k, and we build triplexes for around $130k per door, with a projected value of $220k per door upon completion.

Currently, we’re building five houses at a time and can provide all addresses if needed. We also focus on larger developments of 50+ units for multifamily and hotel use, typically through equity partnerships (1-2 projects at a time).

In Miami, Florida, we offer similar projects but with higher liquidity requirements—$100k of liquid cash is recommended for Columbus, while Miami projects require at least $500k of liquid cash.

Our team is vertically integrated, managing design, construction, sales, rentals, and financing. We explore BRRR (Build, Rent, Refinance, Repeat) strategies but also focus on cash flow opportunities.

For more insights, check out my YouTube channel, where I share valuable information about our new construction process and available floorplans: Pink Development and Construction YouTube Channel 

If you're interested in joint ventures or building opportunities, feel free to reach out at [email protected] or call/text me at (614) 400-8762.

Looking forward to connecting!