Boots on the ground, or lack thereof, are where the mistakes are made.

So the value add is really just covering ground, not adding ground. 

hi @Jaycee,  the top floor(the one you see on the listing 8915 E Wes Pl Tucson), is essentially a ground floor as far as entering and exiting the home as the bottom floor(finished basement etc) is underneath it built into the other side of the foothill the house is sitting on.  

I'm looking in miami florida for sites where we could get the numbers to work and we are getting close maybe in homestead. with that you could continue to pull cash out after it was built. in our market we need about .1 acres and we get land under 60k that the investors buy. the build cost is about 75% of appraised value or a little less. the investor refinances out on a DSCR loan and continues on. this strategy is ground up and it takes advantage of the buyers market for land in our market.

I have over a decade of experience in strategy consulting and in real estate underwriting for new acquisitions and ground up developments.

I do ground-up urban infill multifamily development and we are effectively at standstill as far as new projects go.  

I have connected with several members doing new construction or with boots on the ground in Cape Coral, so thanks to all of you that have discussed and answered questions from me so far.Here's where I'm at:-Connected with Rent to Retirement in November/December 2021 to discuss the area and opportunity.

HI,I am interested in investing in ground up mobile home parks development in Florida and Texas.

I am about to do one of my first ground up construction projects with the intent to rent in the area of Athens a little further west. 

The property is in a great location,  close to stores, restaurants, fair grounds, freeway access, and less than a mile from hospital.