When you have detailed market research, multiple working relationships with vendors and contractors that are willing to listen and work together, and put them together to uncover an amazing opportunity, the result can be an amazing and lucrative real estate opportunity.
I just uncovered an opportunity for one entity to be able to build a development of 48 single-family homes (whether to sell or do as build-to-rent), separately provide housing for 250 students (from nearby university), and summer rentals for 100 families (nearby state park and national forest), adjacent to an Interstate highway, and with land for trees or future development for less than $4.2 million!
At the moment, my team and I are the only people that can get all of this done for such a relatively low cost. The student and short-term rental housing is pre-built and can be delivered and ready to be occupied within 100 days. The 48 (possibly more) single-family houses can be 100% financed through a home builder that has at least five successful completed builds within the past three years. This method saves millions of dollars on construction costs.
The single-family homes could be part of a development or rows of various custom built homes which would be sold at market rates. They could be built gradually to keep pace with expected sales. While the subject property is located in eastern Kentucky, there are possibilities for this level of success for investors and developers, along with land owners around the country. There are not many opportunities for a land owner to generate income from housing within 100 days anywhere else.
These are examples of where having a research person or team can lead. This opportunity in Kentucky can only be executed by one buyer. Perhaps I can help you to find similar possibilities in your area(s) of interest.
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