All Forum Posts by: Tony Gunter

@De Rasche

For this I was targeting smaller tracts that wouldn’t need to go through a rezoning and subdivision of the tract. Estate lot, 5-10 acres with on ready to build home site.

I'm aware of the things you mentioned, it's what the market values what I'm proposing is my real question. I can calculate my cost, it's the market valuation of what I've done is my missing link to allow me to see if it even pencils out. Obviously the cheaper you buy the better the ROI will be, as always.

@Michael Plante

Thanks, but like I mentioned I was targeting smaller tracts, not developing a major subdivision. That’s off target.

I have a question for the BP family.

Apart from comps does anyone know more about how to evaluate the price/value from taking raw land to a buildable site?

Specifically, 5-10 ac tracts, not lots, and improving them aesthetically, put in an all weather road to the primo home site, bring water to the homesite, power to the home site, etc. Then market and sell it as a “Ready to Build” estate property. These are in the outer growing edge areas of a major metro.

I don’t see these being done. No comps like this that I’ve noticed. How would this be valued?

I’m a licensed GC, so getting raw land to the improved state wouldn’t be a problem.

@Courtney Lukens

Thanks, but sort of off target for what I’m doing. I’m trying to market a service mainly to recently divorced women that own a home. The data is out there, it’s just an issue of who’s scraped and parsed it like I need it. I’m looking at B2C marketing list providers too. My RE resources aren’t yielding anything on this one. Thanks

Has anyone used divorce list for marketing before?

I’m specifically looking for recently divorced, homeowners, gender, by zip code. This is for marketing but not for buying/selling real estate.

Can anyone recommend a source you used for this demographic? This seems to be a difficult list to source based on my research. Any help is appreciated.

Purchase = $6,500

All in = $75k

Appraised at cash out $105K

@Megan Smock

Not a chance I’m doing that. I charge 1/2 day for a walkthrough with a verbal estimate, a full day if you want it written. To hell with working for free. Running a business, not a charity.

@Bog Morgan

Sorry, your wrong.

An agent is 99% worthless finding flip properties off the MLS in this market. Everything with any marketing behind it is still overpriced. It's not a very reasonable expectation in this market IMHO. You need to become the wholesaler finding deals directly from the seller if you want the numbers to work. The agent can only work with the market they are given.

@Timothy White

Maybe heard, but not listen to. Same as the corner preacher screaming “repent for the end draws near”. Heard, but not listen to.

@Curt Smith

Something else I see you doing too. Your purposefully NOT targeting the “sweet spot”properties that the hedge funds operating in ATL target. The large wholesalers working with them have advertising budgets of $10-$15k per month is my understanding. You have to be a very niche player in this market IMHO.