All Forum Posts by: Ron Dancy

Excellent explanation!

Oh I see. Hire a manager; is that similar to a property manager of sort but for senior living? How would you source a manager?

@Charlie Cameron Excellent post! My question would be becoming a qualified assisted living operator and the certifications / licensing per your state (For me Texas) to get your property up to code? Thanks

Awesome on the retirement. New build maybe a bit aggressive getting into real estate unless you have a builder as a partner in a deal to see the full steps or stages that go into new builds.

Why new build?

No Go. Flood Zone 3 years minimum before you break ground for new construction.

 What value are you going to add compared to other realtors? 

Local REIAs

Quote from @Gerardo Bejarano G.:

Quote from @Matthew Williamson:

What cost per sq. ft. are you thinking you can build these for? How many stories and bed/bath configuration? Your cost estimate seems low to me.

 Hello Matthew. I'M REALLY SORRY THAT I DIDN'T SEE YOUR COMMENT.

I’m currently building 2 homes in front of Lincoln Park Zip 77088 in the Houston metro area.

The Financial Plan is the following:

We are moving along smoothly:

Let me know your comments about this projects please.

And REALLY SORRY I DIDN'T ANSWER TO YOU SOONER 🙏🙏

Thanks Matthew and keep having a great day!

 $43,750 for lot cost? Is that for 2,500 SF lot / Subdivided in 77088...Haven't seen that since 2018.

Question; does the property has utilities? 

1. Replat / Subdivide to small lots and sell with utility hooks

2. Sell land and reinvest into multiple deals / projects

3. Secure construction loan financing to build duplex / multifamily (Would need to know the local comps)(Easier to get a construction loan because you own the land)

4. Tiny homes (For the homeless, senior living or military veterans 

Just to name a few

 Thanks Melanie

@Jamie Hora Permitting...

Active or progressive growth would be a good indicator.