All Forum Posts by: Shital Thakkar

@Mark Allen, I am agree with you, I am interviewing multiple GC and planning to partner up with GC and/or other experienced investor. Please let me know if you know someone in DFW area.

I am planning to phase out, will build more units in phase 2.

What is your opinion on number of units that can be good start if I decide to go bigger and partner up with other experienced investors?

What are Pros and Cons of developing Multiple Fourplexes or Town Homes development project compare to Garden style apartment?

@Michael Ward,

Yes, $100/Sf include all cost including site work. I like some GC to confirm if this is realistic number.

My overall plan is something similar to @George Yu (https://www.biggerpockets.com/...)

If we count $25/SF Softcost, total Softcost will be 525K. 

Based on demand in DFW market, I feel confident that I can have 80% occupancy within 6-9 month. I like some local MF investor to confirm on this.

Thank you very much for your valuable insights...

@Michael Ward, Thank you for your inputs.

We are planning Very basic class B construction. I am talking to few GC and they feel we can achieve basic construction in $100/SF.

I really appreciate for your input about other hard cost, I am working on to find more hidden hard and soft cost. What do you think about soft cost for this size project?

Regarding interest for 12-18 month, I assumimng we will lease out around 80% within 6 month as demand is very high in Dallas market(Avg 95% MF Occupancy). Considering that I did not count income generated by the time of stabilization too.

What else I am missing in NOI, I counted Tax, Insurance, Management. Considering brand new construction, I am not counting Opex and planning to sell property as soon as stabilize.

Again thank you for your input and please fill in the missing...

@Jon Klaus, Thanks for your input.

I am planning in periphery of DFW, Couple of land parcel is in Sherman and Sanger.

@Account Closed, Thanks for your input.

It will be more beneficial if you correct the numbers and guide instead of demoralizing.

What is your Financial resolution of 2020?

1. Invest in Residential Real Estate - Single Family
2. Invest in Residential Real Estate (Town Homes, Duplex, Fourplex etc.)
3. Invest in Commercial Real Estate – Multifamily
4. Invest in Commercial Real Estate – Retail Center
5. Invest in Commercial Real Estate – Hotel/Motel
6. Invest in Commercial Real Estate – Public Storage
7. Invest in Stock Market (Stock, Mutual Fund, ETF, Options, Bond etc.)
8. Financial Planning (Budgeting, Estate Planning, Tax Planning, Retirement Planning etc.)
9. Other

@Ola Dantis, Sounds good, assuming $100/SF construction... here is my high level numbers... 

Please correct me what major item I am missing here...

@Siddharth Shastri you able to work on this project? Please share your experience.

@Nick B. Thanks for the reference.

Can you please provide me his contact details.

@Greg Dickerson, Again, thank you very much for all details.

This will help me big time and I really like your website also, lots of great information.

Will contact you once done with initial feasibility study.

Thank you