All Forum Posts by: Jesse Rolla

SFR/Duplex is a different beast then say town home product, especially here in Denver. In fact they have different review processes all together. Obviously every market it different so hopefully someone from your area will chime in with specific costs for you.

Tim - Depends on what you consider the 'actual home build'. I'm assuming you're referring to hard costs.  In addition there are slew of soft costs involved along with the build.  Survey, soils, environmental (if necessary), various city or county zoning fees & permit fees, address cards, utility disconnects/taps, insurance, storm water, architectural/civil/structural, etc.  What type of density are you looking to build?

That's about as broad of a question as you get.  There are countless factors that go into valuing land: what's the purpose of the land (Resi/Commercial/parking lot/etc), what does the zoning allot for that particular parcel (setbacks, height, transparency, dedications, etc), can you combine with neighboring lots, the list goes on.  

Definitely need to be more specific about what you're looking before people on here can help. 

I know the area. Something to think about - at 148' depth it makes the lot width sub 50' which is the minimum lot width to develop in most building forms. Not sure if that was on radar for you. Do you have a workaround for that?

@Account Closed I'd be impressed if you could 6 units on 6700sf lot.  Assuming it's a standard 125' depth that only leaves 53' for your width.  The biggest issue I see here is how to park the units. Perhaps you're loading off an alley, can't really tell without knowing the lot.   We do a lot in the area and be glad to give you my 2 cents if interested. 

Good info but if you reread post the numbers he was referring to were just for example purposes, not actual amounts. 

Dave.  Thanks for your input.  That is where my mind was going.  Not sure about the specifics but it's a jumping off point.  

Matt - I'll do that, thank you!

Not sure where to go with this one.  I handle acquisitions for a developer in Denver. Have a unique situation where the property owner would like to exchange/swap their vacant lot for one of the future developed units.  

I understand that there are two major issues here: taxes & legal.  They would like to go as simplistic as possible.  From my understanding, as far as taxes are concerned, this could be considered a "future build-to-suit 1031 exchange" .  

We don't want to have to produce funds up front, hence negating the advantage of the swap.  What ideas do you have for how to contract this?  

Any help is very appreciated. 

@J Scott Good advice - partnering up seems to be a great idea for the first few times. Hedge my risk from inexperience. BTW love your books

Great feedback so far guys, thank you!!

@Bryan A. & @J Scott Definitely agree that it's a math game. I'm factoring an extra 6-8 weeks on top of the standard 6-8 week schedule for the rehab. My biggest fears are getting stuck in permit hell and opening pandora's box by doing a major renovation.

@Jacob Allen I figure that the contractor is a huge piece of the equation. The two contractors I use do great work but I'm not 100% confident they can do the additions in a timely manner. My main concern is that won't foresee potential issues and be proactive about resolving them. On the hunt for an experienced contractor in my area now.