For a 45mn multi-family development project (mid-rise, wrap), urban development.Are the following cost reasonable?- Predevelopment cost: 750K- Total soft costs: 4mn- Developer Fee: 1.35mn or 3% of the total Developmen...

I sent offer to one property that was on market for more than two years.

That property listed for $200k,one year later ,lowered to $150k.

right now is $84k.

I wrote an offer at $50k.

We reac...

Hello, it seems like there are people still developing in this market. From what I'm hearing they are doing a lot of senior housing and apartments. How does one who has experience in rehabbing houses, but none in de...

Hi, I'm very new to the industry. My goal is to learn how to develop on existing property (maybe buying very old single home and knock it down to rebuild into several condo/townhouses). Wondering if there are financia...

Hello,
I am starting out my career in developments and I’ll be working with tons of project managers.I am coming from the portfolio / asset management side in real estate thus I have rarely any knowledge although I c...

Hello BiggerPockets,I am in the process of a new residential development in the Greater Houston Area and looking for parties or individuals interested in potential Private Money Lending, JV or seed funding scenario to...

I was wondering if any of the folks on BP could share their EB-5 experience as it relates to small development projects.  I am thinking of using some debt that was pooled via EB-5 financing for a $6M project we're wor...

A little background of the situation for context:
A partner and I have been brought onto a development project in a massively growing market in Colorado. We were in the right place at the right time. I have property ...

As you all know, there are dozens of large multifamily projects (100 unit+) being built in the city.

Do you believe that developers are taking into account the number of units that are under construction before st...

I am working with a seller on a unique property in Somerville / Cambridge, MA line in a very hot area and am wondering the best way to attack this. Basically its 3 small abutting lots (1 residential, 1 mixed, 1 com...