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All Forum Posts by: David Waldron

David Waldron has started 0 posts and replied 3 times.

Land & New Construction

Post: 6 - 12 units- build a new building

David WaldronPosted
  • Posts 3
  • Votes 1

Finding the land with the right zoning would be the hardest part. Unless the city council likes you. You will definitely need at least 20% LTC (Loan to Cost). Some lenders will allow land to be part of that. I don't know if you will get it to pencil. I can normally build new construction units for 250k to 300k in the Twin Cities. I find that even their it can be tough to cashflow with those costs.

1 Vote
Minneapolis, Minnesota
Land & New Construction

Post: Too many deals at once for new company

David WaldronPosted
  • Posts 3
  • Votes 1

Samuel,

Do you do any work in the midwest? 

0 Votes
Dallas, Texas
Real Estate Deal Analysis & Advice

Post: Partially Finished Townhome Foreclosure

David WaldronPosted
  • Posts 3
  • Votes 1

Nick,

Did you get funding for this project? Where are these units? 

0 Votes
Minneapolis, Minnesota