A builder can make a profit on a 100k lot when the house at 2200 to 2400 sq ft sells for 400k.. that's about 50k oi their jeans and usually only about 50 to 75k cash equity. so its a double your money cash on cash in less than a year which is pretty standard.can make it work at 300k exit though you would lose moneyBut as for rentals Go which I believe is what Ray is looking at.. for me personally. the age of the housing stock there in the inner city is all about 50 to 120 years old.. some sell for 10k other like FS sell for 60 to 100k and need 10 to 30k in rehab.. for me I would rather have a 100k rental next to a 400k new build then be in an area of all older 75k homes with no new builds in sight or will ever be there. those truly have no upside other than if rent rises .. but again we are apples and oranges we are inventory providers or providers of new housing.. not landlords. 

I plan on contacting them to find the best pre-qualified offer.Created a list of agents with FHA/203k loan experience mixed with HUD registered agents.Made a initial list of local certified 203k contractors.Plan to look for properties in Westchester County, Putnam County, Rockland County, Orange County, Bergen County, Hudson County, and Essex County.  

starting in 2017 the 417k is going up to 424,100 so you got a 7,100 boost.It may not do much in Orange County or Los Angeles county but it goes a long way in Bakersfield, banning, Stockton, Modesto, and other parts of CA.

I am currently involved within the central Florida (lake, sumter,seminole,orange county area) real estate market.

We are in southern California too, Orange County to be exact.

Hey BP, I'm looking for some advice I'm looking to purchase a property in a cheaper market a few hours away (I live and work in the Orange County, CA area, which tends to be a pricier market). 

It’s either apples-to-oranges or apples-to-Volkswagens 🤷🏻‍♂️

Get some bright orange door hanger-type flyers made and hire someone to flyer a neighborhood.

I've been doing property management for my Irvine townhouse since 2012.My immediate goal now is to get started as a real estate agent part time here in Orange County/Los Angeles County.

I've been looking in Westchester, Rockland and Orange Counties for either a BRRRR project or a Fix & Flip.