All Forum Posts by: Wesley Mims

Dena Puliatti, 

The address of the comps for the first property are as follows 

171 Nix Rd Hazel Green, AL 

189 Nix rd Hazel Green, AL 

103 Clear Springs Cir Hazel Green, AL 

For the second property are as follows;

116 Naismith Dr Meridianville, AL

171 Nix Rd Hazel Green, AL

111 Alex Trace Dr Meridianville, AL 

 Steve, 

Thank you for your response and I agree with your approach. The first thing would to lower the price in a way that I am not chasing the market down, Next would be to close on the property and rent it. However, I think this market this home would rent around 2000 per month, but this home would not cash flow. 

Lot cost and build cost would be around 155/sqft. 

@Dena Puliatti

Thank you for reaching out. The school zone would be Hazelgreen area. This is Madison county school system.

Also, the bank has supplied some comps and they support at 205/sqft price. Lot size and acreage do very with each comp.

Hello fellow investors.

My question is concerning a new construction build or spec house.

I have the opportunity to build a spec house in the north Huntsville market that will have 3600 sqft of heated and cooled space. The bank has apprised the two homes at about 198 to 205 per sqft. I am a builder and believe I could build these homes in about 8 months. What are your thoughts about this market and given the price of theses home would they sale in a fair amount of time. Thank you for your in put and l look forward to hearing back from you all. 

Thank you

@Bobby Walters

I am a contractor and have a few subs I like to use.

If you can message me direct I would be glad that share those with you.

Wes

@Tiara Rhule

I mainly invest in distressed property’s and it’s different with each property as to what the issues are with that property. I am mainly forced on properties around the Huntsville area but I would also be interested in properties south of Birmigham close to Shelby county.

@Eric James

Your right. But I have not be able to find a wholesaler for some of the areas I am looking at. They maybe out their but I have not found them yet. Thanks for your your help.

@Lynnette E.

And thank you as well. I will contact them

And see where the tax bill goes. And I will look into it what they where doing there. I know it had a fire at one point and the damage is still visible. The fire damage was only in one room.

@Willie A. James III

Thanks I will try that route.