I have heard of some folks in Dallas who have been investing property deals where they partner together in building homes from empty lots and sells fully built homes 2 years later with a 100% return on investment. Anyone aware of how to get into this ? Or if there is a way to find these in other cities ?

like
Posting as :
works at
You are currently posting as works at

100% does not happen all the time. In fact, in most cases, a good return % is much lower.

like

Never heard of it but I’ll go in on it with you if you get more info. I’ve been looking in the DFW area for awhile

like

What is considered a good return for new builds in Dallas? I see new builds in my area for sale for $2-3M. Lots for sale is $700k and then build 4k sq ft. Let’s say $650k the build and $100k holding costs. So all in they are in it for $1.45M. Are they making around $400-500k each? Seems just ok for such a long period from start to finish

Yeah that’s about the price for a new construction home in my area. They are bigger though between 4-6k sq ft. They don’t usually make smaller home bc they make more by adding as much sq ft as possible

like

There is a reason returns are high but 100% in two years would be rare and probably dependent on your ability to pay cash or have amazingly cheap financing for the project. As a private banker I’ve financed these deals before, usually to a partnership made up of a builder and a wealthy person putting up the cash or guaranteeing the loan. I’ve seen plenty of folks lose money or struggle to break even. Delays, increases in building costs, getting less rent or sale price when you are done, fluctuating rates if the loan is variable - lots of ways this goes sideways. Not including partnership issues and squabbles. It’s a thing, but it’s more like a full time gig or part time side hustle. Not easy passive income. And you want a very experienced builder as a partner. Or be prepared to learn some lessons the hard way over time and not necessarily hit a home run your first few projects.

Related Posts

How much money would you want to have before purchasing an apartment? I am considering buying an investment property, I have enough cash to purchase outright but it would basically decimate my savings. Mortgage is not an option as I would be purchasing in another country.

likehelpful

Quick question - my package includes some fixed component for housing. Say if I spend less than that at actuals, I cannot claim the full amount?

Post Photo
like

I recently bought my 1st home in TX. I want to get into real estate and eventually own/rent out multiple homes. Are there any good recommendations/tips on books/articles/websites that others have used to get started?

I've read about HELOC and cash out refinance to get a 2nd home but articles are so scattered that it gets confusing which is better in terms of tax benefits and immediate costs, etc. Anything others have found helpful that summarized how to get started would be great!

like

Marriott or SPG credit card (for the sign on bonus)?

like

How much money have you invested in crypto currently? I’ll start - $5000 currently

like

Thoughts on living in Bushwick or Ridgewood, is it worth the cheaper rent/more space?

like

Anyone else crazy and buying a house right now? Part 2, does anyone have new construction experience and any important lessons learned? Much appreciated!!

like

Does anyone use a brokerage account instead of a checking account? Mine offers a fee free debit/atm card and free checks which I'd rarely use but starting to question whether it is worth maintaining my "big bank" checking account that requires a $1500 minimum balance.

I also have a local credit union checking/savings that I'd use if I need any services or to deposit cash and a HYSA that gets my paycheck, is used for mortgage and credit card payments, and to transfer to checking or investments.

Hi,
Has anyone bought a new construction home from the builder Gehan Homes? What's been your experience?

Are investment properties good for retirement?

like

Will Amex restricting guess access for Centurion Lounge actually make any difference?

I can see short term changes but the way Amex has been aggressively marketing Platinum card, we just will have overcrowding of primary card holders 🤷🏻‍♂️

What's next, everyone has to spend min. 50k a year to get Centurion lounge access or pay per visit.

likeuplifting

Still using Ally Bank savings account, but the APY had dropped to .60%. Time to move. Any recs on personal savings account? This is my emergency “savings”

like

Hello and happy Thanksgiving! What are the pros and cons of living in San Diego vs San Francisco? I’m from NY and looking to move to one of those locations. I’m hoping to get more info on rent, dating, entertainment, taxes, and job stability.

like

Hi all - I'm on a £100-110k base + bonus at a tier 2 firm. This is in the region where personal allowance for tax starts eroding away..
Wondering what options I have to make this as tax efficient as possible (legally), considering a salary sacrifice pension and student loan.
Also what are you investment recommendations? Stocks and Share ISA? What are the good alternatives?

like

Is 80k cash + 20k company share a good deal for a junior dev role in the bay area?🙏

like

What is the most difficult part of buying a home for the first time?

likehelpful

I recently sign a lease. The apartment will put my security deposit into an interest-bearing account and requires me to fill out a form W9. I will join EY this June and just wondering if this is ok in terms of the independence rule. I guess the apartment will put my deposit in some sort of funds. Anyone with EY has experience? Reading the independence brochure, looks like it does not specify something related to this scenario but just wanted to confirm . TIA!

like

My husband and I are young professionals, with a newborn, looking to buy a home in Los Angeles. I work in Century City. Where are young professionals with families living in LA these days?

like

Trying to avoid paying an accountant, can I actually write off home office space/mileage if I was just permalancing for 3 months last year? Shouldn’t the 7 months of W2 take care of this 1099 shit?

Incoming MBA, I have my tuition paid for and rent covered (I will be an RA). So the only thing I need to pay for is food and entertainment. Do you think 20k is enough to last me through the 2 years? I will make a little money interning in the summer, so that would be a safety valve if I blow through the 20k.

Or… should I take a small loan?

More Posts

Hey 🐟🐟

I’m hiring a Technical Recruitment Lead for our team. We’re a health technology company with offices in Canada & the US. We’re nearly 900 employees and reached 700Mil in revenue this year. Our sights are set on reaching unicorn status in the next few years 🦄. We’re privately held with a possible future IPO so it’s a great time to join at the right time if you’re interested in helping fuel the growth to take a company public.

More in comments.

like

Tata Consultancy I got the pune location in my offer letter......is it possible it can be changed to TCS indore.....I have asked HR but he say Indore is not available.


please advise!!!

like

Looking to return to Big 4 as a consultant now that I have some experience; however, I’m not sure if the reason I’m not getting any interviews is because of covid or what’s on my resume/lack thereof. Has anyone gotten hired at Big 4 during this time and have any help or insight for me? Thanks!

like

Any one aware of "Intuitive Technology Partners"
Company? Is that really a genuine one? Any one working there?
They are providing parmanet work from home. As checked in glassdoor most of the reviews posted in the month of march!

Can someone help me here

like

Is anyone still riding fixed gear?

like

Hey KPMG how is life in the FRM advisory? Got a job offer from them

like

Has anyone done a rotation in another office at ey? Like doing a busy season in Irvine California from a northeast office?

like

If I don't get promoted, should I still go to the senior training?

like

Hi fish! Looking to break into tech! Dream company is Google🥹 Curious if anyones company is hiring Recruiters? More associate or entry level. Thanks!

likeuplifting

Hi everyone! My names Diana & as a new account manager I’m having a hard time building up my clientele, it seems a lot of companies aren’t up for as much contract work as there used to be. Any tips or companies you may know that would be good to go after? I work for a technical recruiting company and we specialize in contract (otherwise things would be a lot easier) please reach out!

like

Recently at my company there was some concern with salaries due to an accidental email going out with starting salaries for new job postings.. long story short, is it common for different departments to have higher salaries for the same title? For example a senior graphic designer in brand verse product marketing?

like

Hey guys,
I work for a luxury brokerage looking for some talented Graphic Designers. If you would be interested please DM me. Based out of Long Island.

like

Does anyone know any Southern US based designers for clothing visual design? Freelance preferably.

Anyone a senior graphic designer near frisco or Dallas TX? Mind sharing your salary? Prepping for the question of expectation in an interview

like

I’ve worked for many companies involving creative traditional/digital artwork, but my last job threw my health under the bus, so now my current has very little creative work and work with databases..

My question is: what was the thing that helped you get back into a creative job?

Revamping your resume? Personal projects? Starting your own company?

I feel like there are so many doors that are open I just lose steam haha.

like

How to best calculate the loss of value(diminished value)to my car due an accident? Insurance agency quoted a really lower amount.

like

Porsche Macan S, cayenne coupe, or Audi RS5? 29M and I can easily see myself driving and loving all three options. I know they’re different but at this point I’m prioritizing:
- Looks
- “Sex Appeal”
- Comfortable enough ride

like

Why won’t AA let me book business class flights with points if they’re available to buy cash? (Qatar flight on AA site)

like

Anyone working on CMS program audits?

like

Hi friends,
How is wlb in CBA? In case anyone declines their offer, do they blacklist the candidate?

like

Additional Posts in The Real Estate Bowl

Got news that my house closing may have to be moved due to a delay in the sale of my home. My partner’s income was excluded in the DI ratio, but if it were included we’d be well under the % threshold and can be approved to close on time regardless of the sale of my house. However our mortgage company’s underwriting team has been painfully slow in confirming if her income qualifies. She’s been at her new job 1 month after a year off. Anyone with underwriting experience have insight?

like

Commercial real estate question. When a residential property will likely zone commercial in the coming years, do we, the owner, wait for a buyer/developer to contact us?

like

Atlanta vs Savannah vs Tampa?

like

At what income level should one be comfortable to spend 2400/mo on rent in HCOL? Assuming single, no kids, no debt or major expenses.

like

Is it possible to give a real estate a budget you want to work with in terms of how much you’re willing to pay a month and see what they can get you?

like

For any of you real estate investors, what tools or sources did you learn from when getting started. Can’t find a mentor currently so want to find some highly recommended books or videos. If focused on the tri-state area (NY, NJ, Long Island mainly) that would be even better. My hope is to buy and rent out a apartment while also owning a house and house hacking that by renting part of it out. Trying to understand all the steps, traps, and how to find if it’s a good investment.

like

Once all the boomers are gone will there be a gult of homes? I have rentals here will they be worthless in the future?

funny

Any investors in the woodlands Texas for single family homes, rent looks good as per Zillow , good school district and houses are still affordable compared to Dallas and Austin

like

Any reason why the listing agent recommend I use a specific title company?

like

I have significant equity in a property (300k+) and maybe another 200k across other properties. I have a decent amount of money in cash and already 200k or so in stocks. Would you consider pulling money through cash out refi and using it? I get nervous for stocks being so high. I have a few properties in pipeline already. How would you suggest using it (if at all).

like

Is it the worst time to buy real estate because of the interest rates?

like

UK - thinking of a buy to let in either Birmingham, Liverpool, Manchester - any recommendations on either /areas where you can get something under £140k.

like

4 years into RE. Happy with the results so far! Thinking I should take on more debt with current IR, but the market is too competitive

Post Photo
likeuplifting

idk if this is the right place to post but...
Ok so I was carless -- I was assembling my new bed frame and one as I was grabbing one of the long parts; I set it vertically and my fan was on and hit the edge. I literally just moved in 5 days ago and I already scratched these pristine fans, I'm irate and I want to fix it.
Is there any kind of paint. or is there a way to polish it so it doesn't look as bad :(

Post Photo
like

Is this legal?
After being mugged and having my things (including my keys) stolen, I was locked out of my townhome after business hours on a weekend. I was told on the phone when dialing my complex’s after hours number (which is managed by a 3rd party company) that my complex’s policy would let me in for a cost of $100 (as it was after hours). After I was let in, property manager informed me the charge was $200. Is there anything I can do here? This is in Minnesota. Help appreciated!!

like

Worked with an agent on my first deal, great. Second deal now and I’m getting my license myself. I’d like to use her as a backboard for ideas and don’t mind giving her a “finders fee” or something but would like to capture the commissions myself. What would be the normal way to have this convo?

like

What's common % for Property management fees? I've seen anywhere from 6.5%-10%

like

I’ve been thinking about getting into real estate investing. Not right now but later down the road. I’ve been trying to save up for a down payment. What are some good resources for a beginner? Blogs, YouTube, books etc I’m not looking for paid courses because I will be learning at a slow pace. Any help will be appreciated.

like

Is it better to have SFH for monthly cash flow or passive MF deals through a private syndicate? Friend told me that you need to have $1.5m invested in MF to generate 60k a year approx but it’s much better than dealing with tenants and maintenance. Just wanted to get peoples thoughts on becoming financially free through these two real estate methods

like

Does anyone have experience managing an out of state property yourself? Are there any tips/services you use?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal