All Forum Posts by: Robert Ellis

 finally someone with some knowledge 

 for a 1 story or 2 story building not for a high rise or midrise. you can easily avoid by what floor you buy or build on in miami. suburban deals or on south beach sure but not in a city high rise development you won't be worrying 

 none of them. get closer to a capital market and major city within 30 miles. all of these are too far. look at homestead or north of palm beach county, closer to tampa, etc not an hour away these are over delivered and new builds from tract builders are selling for less than 200 per sq ft right now in some of these markets rents have softened. there's no jobs or macro city that's driving these areas. these are softer markets for BTR than other ones. get more involved and directly contract with builders. miami dade county, even Orlando has better 

https://youtu.be/QvcQz_kvwBw

🚧 Exploring Real Estate Opportunities in Homestead, Miami-Dade County 🚧

We're excited to share our latest find in Homestead, a suburb of Miami in Miami-Dade County! Our team is actively scouting 15-20 sites each month to identify prime opportunities for ground-up construction. This particular lot on SW 8th Street is a gem, perfect for new investors or seasoned developers looking for residential projects under $10 million.

💡 Why Homestead? 💡 Land affordability is a significant barrier in Miami-Dade, but Homestead offers a unique advantage. With lots averaging around $22 per square foot here, compared to $300-$400 per square foot downtown, it's a smart investment for anyone looking to maximize value.

🏡 Project Potential 🏡 This 2,900 sq ft lot is half the size of typical Florida lots but holds immense potential. We're recommending the construction of a single-family home or two attached single-family homes in a planned development. This approach not only maximizes land utilization but also aligns with the neighborhood's characteristic charm. Whether you're planning to resell or retain these homes as rental properties, residential use promises the highest valuation per square foot.

🔍 Our Process 🔍 From identifying land gaps to focusing on entitlements, zoning, and use variances, we handle the intricate predevelopment and preconstruction activities. We work closely with city zoning officials to ensure our designs meet all regulations, including setbacks and utilities, making the process smoother for you.

📈 Get Started 📈 Entering the Miami-Dade market can be daunting, but starting with a rezoning application in Homestead for building 1-4 units is a strategic move. It's an excellent entry point for new investors tired of outdated, single-story inventory.

Stay tuned as we continue to explore and share more opportunities in Miami-Dade County!

#RealEstateInvesting #MiamiDadeCounty #HomesteadFL #PropertyDevelopment #GroundUpConstruction #ResidentialRealEstate #InvestmentOpportunities

Robert Ellis

Pink Development and Construction

614-400-8762

[email protected] 

 got it good work is hard to find especially when there is so much down here. 

 ADUs or carriage houses are well supported in adjacent downtown neighborhoods but no one is building and selling new construction homes the comparable will be very limited. the appraisal will be difficult. it's just a lot. I'd do them in 43203, 43205, 43206, 43207, 43222, 43223, 43201, 43202, 43214 and maybe a few others I may be missing but this isn't the place for them. 

 even suburban submarkets are red hot right now in miami like leisure city, homestead, florida city you can still get infill lots one of the last few places in miami dade county right now. rezoning and variances you can do even better. if you are limited on capital ground up construction and land might be something to consider in miami in these submarkets. I posted about one of them today in the classifieds 

 hahaha I like this guy we need to meet in miami 

 would you look at ground up construction? in Columbus Ohio 

 I'd focus in downtown adjacent neighborhoods and look at land and new construction too. 43207, 43206, 43205, 43203, 43223, 43222 for Columbus Ohio