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12 March 2024 | 250 replies
Tract books were supplemented with additional records on little blue cards known as micro fiche sorted by time and name.
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6 March 2024 | 12 replies
Joined BP about a week ago and have spent the past week digesting info here and elsewhere.
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6 March 2024 | 9 replies
Furthermore, we've developed a program together with our Waco realtor/broker and a Fort Worth title company to sell up to seven 10+ acre home building tracts to raise almost $1M to be applied to the initial loan balance, including multiple closings the same day following our own closing funding 15%-25% of a required down payment as well as providing funding reserve for early months' loan payments during the 7-9 month rehab period.So we're positioned to go with our new venue once we're funded and get our rehab program underway.
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29 February 2024 | 4 replies
From talking with local realtors, I should be able to divide it into 8, well proportioned tracts, each with road frontage and sell at a minimum of 6500 an acre.
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27 February 2024 | 1 reply
I signed up for the pro account just now and there seems to be A LOT of information to digest.
28 February 2024 | 4 replies
Kirsten:I read the first two paragraphs, but your story was way too long to digest.
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26 February 2024 | 25 replies
But I think, like many people found out during COVID, if you just buy a tract home that looks generic in a generic area, you will get generic returns, which based on my friends and other commenters here seems to range from small loss each month to modest gain.
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24 February 2024 | 1 reply
I am working a deal to help a developer acquire a tract of land in Charlotte County, Florida.
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22 February 2024 | 3 replies
I'm working on projects in florida and ohio. entitled or unentitled is a big difference. we typically look for land in larger tracts in columbus ohio for under 50k per acre. that's mostly rural land that is then entitled through engineering and zoning variances, a huge money maker if you don't do it. entitled land depends on density. lowest I've seen is typically 6 dwelling units per acre and highest I've seen in suburban markets might be 26. i think there is a lot of missing things to answer your questions like how big of projects, but I can give you a very recent lot we featured for investors who build a stacked triplex with us around Orlando and other markets in florida. it was a 43k piece of land on about .3 acres. through planned development you can get a duplex approved it was in poinciana in Osceola county. that's on the small side and it's hard to find land and it wouldn't really increase in value there but that's about 5k or less in fees to get that done. so all in 50k for a 2-3 unit. so 25k a door would be a good price to look at. normally as you buy at scale it gets much cheaper because you are doing all the value and creating something from rural land or wetlands, etc. entitled land typically sells for 11k-13k per door I would say on average in suburban markets on a national average. that is extremely difficult to track but we work with groups in land entitlement all over the country who co -develop with us and we create benchmarks that's more of an internal conservative and we push high density and multifamily to maximize profits on the exit once the project is entitled.
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21 February 2024 | 2 replies
We've purchased a tract of land that was a portion of a completed subdivision, it is listed as a tract in the subdivision but is excluded under an agricultural covenant.