It was 3 or 4 years planning , applying for waivers etc .

One thing that I would add is your plan to refinance the property once the sellers note matures and that's when you'd pay them the rest of the purchase price through a cash out of the higher valued property.

.$1,500/sq. ft.Step 2: Adjusting for SizeSince the planned home at 245 Seaside Dr will be 4,000 sq. ft., I used an estimated price per square foot within the market range:Conservative: $1,200/sq. ft. → $4.8M ARVModerate: $1,350/sq. ft. → $5.4M ARVHigh-End: $1,500/sq. ft. → $6.0M ARVPremium Luxury (based on 4 Dewey Ln & 597 Beavertail Rd): $7.1MSince 245 Seaside Dr is a prime location and waterfront lots in Jamestown have high demand, I conservatively estimate $1,500/sq. ft., leading to an ARV of:4,000 sq. ft. × $1,500/sq. ft. = $6.0M – $7.1MStep 3: Justification of ARV at $7.1MWaterfront Location: High demand for oceanfront properties in Jamestown.Luxury Market Trends: High-end buyers are paying $1,200 – $1,500 per sq. ft. for new construction.Comparable Sales Support: 4 Dewey Ln and 597 Beavertail Rd confirm the $1,500/sq. ft. estimate is realistic.Low Inventory: Waterfront lots in Jamestown are scarce, increasing property value.Your ARV analysis looks pretty solid based on the comps you’ve used.

I found a listing in Northern California on Zillow that is vacant land with approved plans for building a home.

I’m planning a trip to Birmingham in the next week or so to meet with agents, build my network, and hopefully find my first deal.If anyone has experience investing in Birmingham or has recommendations for agents, contractors, or lenders, I’d love to connect!

I remember working with a friend who inherited his aunt’s home.. he got so caught up in the emotional side of it that he forgot the nuts and bolts..like having a good plan for the renovation budget and timeline.

I recently had a client purchase a duplex in Forest Park here in the western suburbs with this exact plan in mind.

Be sure to save every text or other communication with him and the remediation was done properly (and whatever caused it has been taken care of as well).

Yes, we might end up doing it faster but I want to underwrite it with a longer timeline since this is our first one just to be safe and we would likely try to do some of the work ourselves to save on some demo and reno costs. 

I'm planning on hanging on to my primary and renting it out (medium or long term due to local rental laws).