Joint venture/partner wanted 90 SFRs 40 TH development Orlando FL

Investor · Lake Mary, FL · Member since 2009 · 63 posts · 20 votes

$6 Million Investment

Acquisition= $3,000,000

Development, infustructure, clubhouse and 3 model homes=$3,000,000

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90 Single Family Homes

Avg sq/ft=2400

40 Town Homes

Avg sq/ft= 1800

Total sq/ft=288,000

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Cost of construction

288,000 sq/ft x $80 = $23,040,000

Projected Sales Price

288,000 sq/ft x $135 = $38,880,000

Gross Profits

$15,840,000 - 6,000,000

$9,840,000.00

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Real Estate Broker · St Petersburg · Member since 2014 · 2k+ posts · 2k+ votes

Kevin Priester what area will these be built? Are you the builder? If so, what other communities have you done? Time frame?

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Kim Meredith HamptonBusiness Member
Real Estate Broker · St Petersburg · Member since 2014 · 2k+ posts · 2k+ votes
9y
Kevin Priester what area will these be built? Are you the builder? If so, what other communities have you done? Time frame?
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Kevin Priester
OP
Investor · Lake Mary, FL · Member since 2009 · 63 posts · 20 votes
9y
These will be in the west orange county area... Ocoee. I am the builder and I have done projects in Lake Nona, Winter Garden, Kissimmee.....just to name a few.
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Matthew Rollo
Real Estate Agent · Orlando, FL · Member since 2015 · 177 posts · 54 votes
9y
One day I can hope to be in this position. The journey of 1,000 steps starts with 1. If there is anything I can ever help with (manual labor, running parts, mls access, etc...) I would love to get some knowledge on these types of endeavors!
Good luck with everything!
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Mario Nacev
Contractor · Dallas, TX · Member since 2016 · 11 posts · 2 votes
9y
A cost of $80/ft seems very light...
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Manolo D.
Contractor · Los Angeles, CA · Member since 2015 · 4k+ posts · 1k+ votes
9y
Mario Nacev Not for low to no-income housing in FL.
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