All Forum Posts by: Ron Dancy

Land development is a whole other beast. Without builders on your buyers list is going to be extremely hard to move.

@Nicholas L. True.

Would transitional neighborhoods be appealing?

Hi Lior - I am in the Houston market. What are you looking to do?

Awesome man! Do you currently reside in Houston?

Shoot me a DM...

Location, Location, Location is a big deal in RE investing.

Does location matter as much as the equity gained and potential cash flow? I am strictly speaking on new construction (No Rehabs).

New builds for sure. GC fees and plus cost on materials kill the deals a lot of times.

Acquisition of land lot are a killer too. If you can get cheap money (IRAs, 401ks, Family and Friends) you can save a bit. Interest payments on construction loans can be manageable, if you get a loan that you only pay interest on the money you utilize or draw from.

Good luck on your journey!

Indy is a good market. I would reach out to realtors and local investors to have boots on the ground. 

Go visit and stay for a while to get an idea of the neighborhoods, highways, amenities etc...

Awesome man! That's my goal moving forward. There has been a lot of activity in the Houston area.

A lot of value in the new construction space.

 There are a couple of neighborhoods that not on the radar as of yet. The land acquisition price is fair right now so we should be good for the next 6 months.

Interested in anyone take on past deals where you (the investor) brought the land and soft cost to the deal, then the GC provides the construction loan and contracting to the project? What was the split? How did the relationship go?

Thoughts?