As much as 50% discount from replacement cost, so there is that "spring" built into values, just a matter of time until that factor pulls prices up, question is how long. 

But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).

Which means even if you had an inspector there on that day, it would be a few days before you could get coverage (assuming there were no issues needing remedying first, like an old water heater, roof, etc.).  

I wanted to open up a discussion about buying and selling real estate in today's market conditions.I am a Real Estate Agent and Investor, but whether you're a seasoned investor or a first-time buyer, navigating these waters can be challenging.

I provide enough water, coffee, and a few snacks to help them get settled in.

Or do a partial slab, leaving key trenches in place to run water and sewer, and slide into place.

For example, in Indianapolis, all-electric homes have a higher utility deduction because electric heat, water heating, and stoves cost more to operate than gas.

I was just curious if anyone invests in STR's in Hot Springs, Arkansas.

I’ve definitely been thinking about selling other properties to start a business just didn’t know if I should sell in the market we are in today or try to stay above water until interest go down.

Allow 3 unrelated peopleWheat Ridge, Littleton and Commerce CityAllow 4Aurora, Golden, Northglenn, Thornton, WestministerAllow 5Castle Rock, Colorado Springs, Arvada, Lakewood & ParkerWhat's this mean for me?