Riverfront Fort Wayne

Real Estate Investors

[Riverfront Fort Wayne @InvestFortWayne]

@NewsLambert @nickgerli1 I would be surprised if it included labor costs as well, but I've been surprised before. $78 a square foot is absolutely unfathomable for hard cost, no matter what your bulk pricing is, it's still double that.

[Riverfront Fort Wayne @InvestFortWayne]

@elonmusk You good man? Call me.

[Riverfront Fort Wayne @InvestFortWayne]

@N8RealEstate

[Riverfront Fort Wayne @InvestFortWayne]

@dig_deeper1 That is insanely cheap, we are upwards of 50k to 75k. There are also ADA requirements, parking and lighting requirements, etc. Easily adds 100K to the build price. That's why you have to push for zoning amendment- I am building 3 attached duplexes, not a 6plex!

[Riverfront Fort Wayne @InvestFortWayne]

@jonathanoosting My town celebrated that "Google was coming!" They gave them tax abatements, allowed them to build in wetlands, and give them direct access to thousands of gallons of water a day that will now be pulled from our supply and dumped into a stream.. for 14 jobs, most are janitorial.

[Riverfront Fort Wayne @InvestFortWayne]

@txmadbuilder @txmadbuilder Any update on these? How did they turn out? Can I pick your brain on the final financials? We are designing our first project right now!

[Riverfront Fort Wayne @InvestFortWayne]

@HowardRoark90 @zillow I'm not sure how you don't understand what happened. They had an estimate of value, which was then influenced by a higher listing price and rose. Once it didn't sell and you dropped the price, they realized it must not be worth that much and also lowered their Zestimate.

[Riverfront Fort Wayne @InvestFortWayne]

@Heston83 @ChrisRamsey60 Me too, partner. Let's do it

[Riverfront Fort Wayne @InvestFortWayne]

@ChrisRamsey60 What does your site look like? Are you sitting on several acres or are you more urban?

[Riverfront Fort Wayne @InvestFortWayne]

@Jeffdeehan @BluprintBlondie Do you mind if I pick your brain while we put together our initial plan for something similar?

[Riverfront Fort Wayne @InvestFortWayne]

@girdley Great advice! Thank you!

[Riverfront Fort Wayne @InvestFortWayne]

@FinPhilosopher Can I still buy one if I don't have a brain?

[Riverfront Fort Wayne @InvestFortWayne]

@mitchpater @ChrisRamsey60 Have to started this development? Want to brainstorm ideas? We are starting to plan our first development too

[Kris Krohn @kriskrohn_]

You can’t plant a redwood in a desert. Your growth depends on the soil you choose—relationships, mentors, mindset.

[Riverfront Fort Wayne @InvestFortWayne]

@itsryanlarue @TrickyMickMinin I recently paid $6,700 for a 8/12 roof that was like 23 SQ including detached garage. The guys did it in 4 hours on a Saturday morning. Licensed crew. Our permits are $65 and take 15 minutes to walk out with. It's insane how many unnecessary hurdles are placed in your way.

[Riverfront Fort Wayne @InvestFortWayne]

@FreightBrkrGuy @realestatedude0 This was the worst part to me, it digs deep

[Riverfront Fort Wayne @InvestFortWayne]

@johnxbuilds I've been considering creating a YouTube channel to document some new development projects, rental portfolio management, and house flips. Have watched his content for years and was going to follow his informal model.

Seemed like a great guy. Thanks for sharing, Mark! RIP man.

[Riverfront Fort Wayne @InvestFortWayne]

@mattbaran About to build that 800 sq ft. 2BR/2BA for $145/sf on a $1,500 lot.

[Riverfront Fort Wayne @InvestFortWayne]

@SenMikeLee There are a lot of ways to help people afford a home. The unavailability of federal land is not a root cause of out of control pricing. Please focus on things that actually will make a difference