Lexington is a weird market with low occupancy, 90-92%, and there aren't many assets in the market.

What we found was only one other person contracted under $200 per square foot for clients and they also built within the city of columbus. the numbers have a much higher premium the closer you get to downtown. if you can't get the numbers to work my recommendation would be to get closer to downtown. we do build to rent development and single family home development and every line item is broken out. on the triples we have to build exterior staircases etc there are some things you can't really understand unless you build a lot. hope that helps but no one is going to build you for 110 a square foot. the lowest cost homes in our market at cost without a profit barely dip into 140 a square and we are in one of the cheapest construction markets and states in the country. 

Hi Joesph, It’s awesome that you took the leap into fix-and-flips and already have your first deal hitting the market soon—huge milestone!

Have you decided what market will you be focusing on, and do you have a particular strategy in mind? 

My experience has been overwhelmingly positive, but—like any market—it depends on your approach, risk tolerance, and the team you have in place.Detroit is unique.

The market has gotten a lot more competitive in recent years.

Hi David, take as much time as you need to learn the Nashville market.  

:Why aren't there wholesalers out there who are locking up off-market commercial deals?

Real estate agents, property managers, and contractors who specialize in your target market can save you time and money in the long run.

While I'm well-versed in the Australian market, the U.S. market is completely new to me.