You've all given me a lot of material in which I can include in my "pitch" to the wife when I present to her my business plan.

I did what I thought was a pretty close take-off for a small 3 bed 2 bath with no garage and I got about 40$ per sq ft for just material.

The market is crazy, builders are busy, and the price of materials is jumping so only a local contractor can really give you an idea of what to expect.

Now what would cause a mass supply of houses & land-- cheap materials AND lots of sellers.

Diversification by means of spreading your available capital amongst a large number of properties means that the occasional problem purchase will not materially affect your capital or return on investment.

Labor to Contract Services and Materials to R&M?

That had been an ongoing issue which we communicated with Panzera about rectifying, to pretty much lip service, nothing material had changed.

Thank you all for the replies, I was wondering if I needed to do a advance filing of form d submitted with advertising materials 15 days before I begin soliciting because a few years ago the sec proposed a ruling that required that but I couldn’t find anywhere on the internet that said if it got passed or not

They buy materials in bulk at substantial discounts and are buying big ticket items like hvac systems wholesale, not at big box retail stores.

Older commercial property may be built with higher common sense standards, and better material than what is available today.