For Austin, here are some metrics to digest:2019 New Construction Homes (a one-year record): 18,095 (Statesman article)2019 Multi-Family New Construction Units (doors): 11,000 (from multi-family broker colleague)2018-19 Population Growth (metro area): 61,586 (Austin Business Journal)Property developers, both SFH and multi-family, are only building approximately 30,000 doors per year, which is less than half our annual population growth over a 12-month period.

Like I said though, most come in about half that, so use $5k to negotiate and even if you get a 50% concession you could still potentially get it all paid for by the seller.I can run any addresses through the database for you and see if they've been inspected or deleaded for you.

My aim would be to financing via a 203K loan (I do believe it will qualify), rehab the property (adding another bedroom and as much add-on sqft as we can, and after cleaning up the lot, subdividing it into two .45 acre parcels to either sell at a later time, or develop and place another property.

The development around DC keeps going farther and farther west.

Builders and Developers are generally depending on quick sales of new constructions homes to fund their next projects currently in progress.

Purchase price: $8,000 Cash invested: $8,000 Sale price: $15,000 We originally purchased this 12 acre lot as hunting land, before the other lots started developing their sites.

I am in agreement with @Will Fraser where there is a difference in investing from speculation.Yes the surrounding areas are some of the hottest in Philly, with new construction all over the place, but it's very hard to imagine that he development will push up into those areas.

But how you would bring value to this deal is pretty tough to Imagine.. not to mention any kind of land development in Hawaii is some of the toughest in the US to accomplish many times taking 5 to 10 years just to get through land use  etc..

@Abam create a mitigation plans for drainage, communication with the Houston development team, materials and labor.Before this pandemic I used to buy 1 sheet of plywood for $13.50/sheet.

Being a landscape architect, I feel I have a very good sense of where to buy and avoid throughout the city based on land development projects, walkability, and where the city is wanting to invest in.