All Forum Posts by: Greg Dickerson

It's currently a horse boarding farm, its a gorgeous property, with woods and rolling hills, and pastures. It is a family owned property, and is worth in the millions. It is the largest parcel of land in the city limits of Cincinnati. We are novices at this, and would like to see something from our inheritance. It does has some slippage issues, but it has been built on. How do you go about finding developers for the land? It is a big undertaking. Would appreciate any advice. 

I am starting to look into vacant lots and building new homes.

I was wondering if anyone could give me some base line cost guides and any tips that would be helpful?

How much does it generally cost to clear a lot?

How much does it cost to install utilities onto a property?

How much do new build construction homes cost? (For example 3/2 1400 SQ FT home)

Is there a quick way to checking zoning of a property without having to call the county appraiser?

And any tips when looking for land deals? I know you generally want utilities already set up, road access, infill lots, and in a good location, but are there any other key features I should be looking for?

I am trying to get into real estate and make it a career. I have scheduled to take my real estate license exam early next month.

I am posting this message because I need advice please.

I am connected to a very reliable foreign private investor who is accepting to finance very big, sound and sustainable real estate project. I was asked whether I have a viable real estate proposal for which need financing? Being unexperienced in real estate, I am wondering how I can make my connection with this investor an opportunity to develop my real estate career?

I wish I could team with knowledgeable and expert real estate developers and make this opportunity a success. How can realize this?

Is this the right time for very big real estate investment?

Let me know what you think.

Please advise in any aspect you can.

I’m looking over different models for new construction projects. I’m trying to compare 5 over 1 models compared to other project models. These projects are known for being inexpensive with concrete first floor and wood framing.

Does anyone know where I can find some financial models of how these work?

Hey!

So how is everyone handling the increased development costs, particularly the dramatic increase in lumber prices?

I have started to see people put projects on hold hoping that material costs come down, but will they? And if so, will it be enough to make a dent?

Personally, I believe lumber costs will continue to rise especially once inflation begins to set in.

I am slated to begin a new construction multi family project and the lumber costs are about $200k more than they would’ve been a year ago. The way I see it is since everything is already lined up and ready to go there’s no sense in pausing with the hope I can build for cheaper in a year.

What are your thoughts?

I have a connection for pre-construction homes where the lender has a relationship with the builder and as a result, I get a reduced price on the homes. I also get a lower downpayment than going through the builder. Furthermore, the lender is private and is more flexible in allowing people to get mortgages with not-so-good credit. A lien would be placed on each house.  To be clear, a colleague of mine has a direct connection to the lender. So, I have a few interested clients. My colleague only wants me to deal directly with the lender and not my clients. He wants to get his referral fee of course and avoid people circumventing the process. It means that I have to purchase the houses in my company name. The client gives me a downpayment with my fee. Because I get a slightly reduced price, I can sell the house for a slight profit on the backend as well.  What I want to know is what kind of an agreement would I need to get that would allow me to transfer the ownership to the client before the closing?

@Greg Dickerson

Link to your video? I’d like to see it!

I am about to close on a 1.2 acre lot in Atlanta that I would like to ideally build affordable housing on. My builder and I have sketched out a 12 unit building (three stories high, 4 units per floor). The main drawback I have is that there isn't city sewer. I am going to contact my city council and lobby for sewer to be installed (I realize this is a LONG process) but I also was curious of alternatives to sewer. Is anyone aware of a septic tank system that can handle 12 units? Or another eco-friendly approach? Thanks in advance...Melissa

Our company is looking to jump into commercial RE with a focus on transitioning retail strip malls into medical districts that can refer to one another (dentistry is our niche). We are in the middle of our first project(74k sq ft former retail) and everything is going smoothly to this point with rehab coming together and high interest in leasing space, but I was curious if anyone else has taken this path and been successful doing it repeatedly? Any hard lessons learned or things to look out for?