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#1
12-27-2007, 07:00 PM
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Land?
What do you look for when you decide to develop something? Location? Price? I know ZERO about developing so I would love to hear from somebody with experience.
__________________
Thank you for being a part of the FIB Team! 
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#2
12-28-2007, 03:20 PM
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Hey, I just sent my friend Phhuong an email and asking her to chime in and respond to this.
She is in to new home development and feel she would be a great person to respond. Hopefully we will have her hear soon.
__________________
You can roll with me or under me. I don't care which one you choose! -  - "me"
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#3
02-06-2008, 09:39 AM
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LMAO! I was about to ask you if you every got in contact with this person... then I remembered your story from last week... NEVER MIND!!!!
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Thank you for being a part of the FIB Team!
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#4
02-06-2008, 10:14 AM
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Non-income producing asset, not my favorite investment. That is just my personal opinion.
__________________
Steven Brown Cash 4 Houses, LLC HomeVestors Mobile, Al 251-366-HOME steve.brown@homevestors.com
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#5
02-06-2008, 10:14 AM
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There is a lot to look at. Just a few to touch on are, Zoning, green space requirements for subdivision, layout of the land hills valleys etc..., road frontage, Where is the electric going to be brought in, Sewer location leach feild or city, Well or city water, What type of rock are you going to run into during excavation. Current market, Location and price are always a plus. That is just a few.
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#6
03-06-2008, 01:50 PM
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Financing for a residential development is going to be extremely difficult for the next year or two. In addition to all of the houses they are getting back, the banks are getting a ton of lots and undeveloped land back. There are at least two foreign funds that have formed ($100 million) to buy nothing but lots here in the Atlanta area, given depressed prices and the weakness of the dollar. In 2-3 years they will probably make a killing.
In the meantime, the banks are very cautious about any new developments right now. Their LTV limits are in the 70-75% range and you better have a good track record and a strong balance sheet.
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Jeff B. Atlanta GA
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#7
03-06-2008, 02:30 PM
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I don't know about new single family home development but here in Chicago Condo development still
has a good standing. Furthermore, you can do a condo conversion and keep from having to start all the way from scratch. There are a lot of vacant apartment buildings here.
__________________
773-678-7240 www.myspace.com/abetterlife2 Global Residential Development Chicago, IL
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#8
03-06-2008, 08:32 PM
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Financing is the key here guys. People can want to buy, but if you can't get the $$$ you are screwed. And that goes both ways for you and your buyer.
__________________
Steven Brown Cash 4 Houses, LLC HomeVestors Mobile, Al 251-366-HOME steve.brown@homevestors.com
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#9
04-09-2008, 03:53 PM
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Path of progress is the key if
not no need to go any further.
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