6 Shovel-Ready Lots in Texas within the same sudivisionCost per each lot $140k Build Cost per each Lot $500kTotal Cost Per Each Lot $640kARV per each lot $950k-$1m+Total cost for 6 lots $840kTotal Build Cost $3,840,000 Total ARV for 6 lots $6mSpecs:3k sqft 4/2/2 Each lot is already platted and recorded and has it's own address assigned.

@Alex Ng Because I have worked with my contractor for about 20 years now in some form or fashion( he started out shoveling my roof), he usually walks all of the properties I look at on my initial visits and gives me a rough estimate on cost of rehab and a time frame for completion based on his current schedule and how much time he has to devote to the project.

Assume everything is entitled - meaning zoning utilities etc.. are all in place and that prop is shovel ready to commence construction.

Just keep in mind, building the thing is probably the most straightforward part, it's all the work that goes in to play before the first shovel hits the ground and in the background while it's happening that gets you.

Tx, AZ, and FL are my hand picked and trained people.

@Jacob Dinkins Which realtors in FL are telling you that you can get a quad in Tampa for 200-250k?

Ron,I've never heard of those companies, but that would certainly be worth looking into and asking how that coverage would respond given a few of the different scenarios I listed above (tree breaks the line, you/someone hits the line with a shovel, shifting soils cracks the pipe, pipe wears out over time due to normal wear and tear, etc.).  

What I would do and have done in the past is get the project shovel ready and get the permits completed, that way if there is any quick turn in rates or construction costs, you have shovel ready project to take advantage of.

I’m actively looking to purchase shovel-ready scattered site sub-developments (2 to 50 unit plots, multifamily or SFR) outside of city of Philadelphia.

This allows a small developer to step into a development that is shovel ready.