All Forum Posts by: Shawn Duncan

Hi John

Thanks for the welcome!

Regarding the property on Cedar. I was informed that in the Cheatnut district of Austin is one of the exclusive areas where the lot size can be 5750 sqft to build the two structures. A builder completed a similar project right across the street.  

Fellow Investors,

Im excited to say I have finally created an account! For the last year i've only been typing in the specific questions i've had about investing and would usually come to find someone has already asked and answered it. I thought it was about time to create a profile and introduce myself. I am currently a wholesaler hoping to network with other investors in Austin,Tx area and learn as much as I can. 

Great to finally be apart of the BP community!

Property located at 1306 Cedar Ave: Asking price 255k: The best way to add margin over 250k is to scrape and build a 1550 sqft front structure and an 850 sqft back structure with alley access. Selling them off individually 

ARV on 1550sqft = 462,000

ARV on 850sqft = 302,000

ARV: 762,000

Build: 288,000

Lot: 250,000

Net Profit: 219,000