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13 contributions to The Dirt Road to Wealth
Nov '24 •
I am NOT DEAD!!!
Hey kids, I am not dead, but been working on some big scary shit. Here is a little update. https://youtu.be/FDLOYSNdG5M
1 like • Nov '24
Good. Cause if you were dead I’d have to kill ya. We don’t allow that shit up in here.
Aug '24 •
Subdivision development costs
Resource to share if you want to estimate costs. Granular detail required to guesstimate capex. https://www.swiftestimator.com/SE7Help/CE/help/eCOM.htm#Miscellaneous/Section66Costs.htm Don't think they realize it's open to the public. ---- Right on the money Trevor. "*The cost of complete double-loaded street improvements with the components indicated above totals $280.00 to $335.00 per linear foot of street in ordinary level subdivisions, or from $180.00 to $235.00 per front foot of lot, including side street allowance. Costs may run twice as much for extreme hillside conditions."
0 likes • Aug '24
Wow, now that is a great find. Thx for the share Jae.
May '24 •
Is there a down side?
Does anybody operate in one state doing land deals? If so do you see a downside or do you believe it’s beneficial to stick with one state? Are deals harder to come across?
3 likes • May '24
Some of the most sucessful investors I know are one, maybe two states maximum and have been the way for half a decade or more. There is huge value in knowing your market and the state & local regulations.
May '24 •
42.47 acre On Market Texas Land Deal 👀
A friend of mine forwarded me this property that's been on the market for 407 days about 40min SE of Austin. If I was in TX, I'd be making an offer somewhere in the $500k range, maybe more on seller financing... https://www.realtor.com/realestateandhomes-detail/654-FM-812_Red-Rock_TX_78662_M92630-95371?from=srp-list-card Happy hunting, y'all
0 likes • May '24
I was evaluating a deal in Bastrop county last week and it's one of those areas they talk about that has an oversupply. Something like a 10 yr supply on the market currently and that seems consistent across the acreage ranges. I'd love to hear from anyone who has gone full cycle on a deal in that area in the past year or two.
1 like • May '24
@Trevor Probandt Zillow. Here is a half ass breakdown of land sell through rate of Bastrop County. Size / For Sale / Sold (12mos) All / 576 / 50 Under 5ac / 445 / 39 5-20ac / 93 / 8 20ac+ / 50 / 3 I'm sure there is some nuance in there I'm not seeing, and Zillow doesn't show all solds, but the supply level is bleak if those numbers are near accurate.
May '24 •
May 9th Call
https://us02web.zoom.us/rec/share/cRZRB3wEchHkvYrZcnO0clQOBVdShEnUo9QrPBQQk1XcSvLVRnyQphuSjgFtBHrB.3sjGXzDNJvX8A0UL Passcode: d76ZKTC%
1 like • May '24
@Eric Bakey "folks who aren't going to sell for quick flips/pennies on dollar" I've done a couple pennies on the dollar flips in SC. Never assume you know what a seller will or will not do ;)
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