All Forum Posts by: Adrian G.

Junior

As someone who buys and sells lots full time, I would say it all depends on your level of experience and what you feel comfortable with. Do you even want the houses? What is the current value of them compared to its ARV? Is it worth? Maybe its better for you to just grab the lots and do a straight sale and/or wholesale them out.

Also, when determining the value of a tear down for land value. You must factor in what its gonna cost to actually tear down the house and clear it away, that should be included in your offer to the seller.

I hate these types of post, there is nothing wrong with landlocked land. If you can make money off of it then why not? Thats why were here right?? To make money. Not to worry about easements and how the next guy will get on the property or etc. Let your buyer worry about his problems with the lot, nobody is forcing him to make the purchase. (Assuming your purchasing to flip like myself).

Seth Williams said it right in the previous post, if you can get it for nothing and make a profit good. If not....move on cause its probably not worth it.

Brandon, I think your on the right track with investing in tax liens. A bit of advice, why buy on the courthouse steps? There are way to many OTC liens out there that you can make a killing on (I know, Im doing them myself :). Your budget is MORE then enough to start off with. Do NOT get in over your head, start small, take baby steps, learn the business before you start risking more then you have to lose.

Let me know if you need help, I dont charge haha.

Paypal does not allow payments for any type of real estate, rents, land sales (what I do) and etc. They LOVE to freeze accounts and hold funds for up to 6 months.. Dont do it to yourself.

Sean,
Check out ULI's bookstore, they have a TON of books on every area of real estate. I have purchased some myself on development and its well WORTH every penny......Especially since there not cheap.

Raquel,
Do you have any of those lots left? Just curious.

Well said Bill, I also agree that they are built with more QC then the average home being built these days. Plus with all the new products that have been coming out in the past 3-5 years, these mod's can pretty much handle itself in any type of weather condition. I seen one mod project that was the ONLY home standing after a severe tornado hit, these are built to last.

I agree with Jerry 100%

Rich,
I would definitely be interested in reading/hearing about your reports. Have you given any thought on writing a new construction checklist or maybe a basic pdf on the steps.

Im not a GC but I have done more than my fair share of rehabs and new construction is something I would like to get into without relying on my GC soley.

Any info you can provide would be GREATLY appreciated :)

Im going through the same thing right now but with vacant lots.