LandDeveloperGuy

Real estate development. Husband, father and traditional family advocate. 5 kids. Book RE consulting time at link below.

[LandDeveloperGuy @subdivisionguy]

Housing needs to be affordable and have increased supply. Here’s how we can get it without taxpayer subsidy.

1. 50 year mortgages- stop your virtue signaling. This isn’t for everyone but in fast appreciating markets it can build wealth instead of renting. I’m fine restricting them to first time buyers, buyers with 700 credit scores, or something similar.

2. Roll back building codes 30 years. Almost none of these new codes add value despite claims of “saving lives” or fire safety. Yet these things easily add 20-30% to construction costs.

3. Put a maximum timeline and cost on entitlements. Endless studies and reports add cost and risk and rarely turn up anything that wasn’t obvious anecdotally.

4. Put the human habitat first. Obscure bugs and rodents shouldn’t have any influence on housing approvals.

[LandDeveloperGuy @subdivisionguy]

@BowTiedBroke Down here near the gulf coast we can get a good well around 125-150 feet total cost with pump around $6500. Go a little deeper to 225-250 feet for what we call a cold water well (cold is a relative term). add $1000-2000.

[LandDeveloperGuy @subdivisionguy]

I agree with you especially after the last 24 hours. Trump knows another attack would mean troops on the ground or significantly at risk, which he doesn’t want. This will be a fade out. There won’t be a “one pager”. There will be multiple “one pager” agreement that calm things down and trump will somehow spin it into a win. But it won’t be.

[LandDeveloperGuy @subdivisionguy]

Iran take: trump doesn’t want to attack again but will likely have to. Iran has leverage. They aren’t as decimated as trump says. Any deal we get right now will be impossible to spin as a win. Israel and tons of politicians are calling for more war, I don’t know how he can avoid another attack to decimate Iran.

[LandDeveloperGuy @subdivisionguy]

@KimballCall Genesis group shouldn’t be a thing.

[LandDeveloperGuy @subdivisionguy]

All this Ebola talk is fearmongering. It’s an STD. It won’t spread in civilized society.

[LandDeveloperGuy @subdivisionguy]

Nothing would be more fitting than for trump to announce a deal with Iran right before Memorial Day.

[LandDeveloperGuy @subdivisionguy]

@MillionaireDoor Because he’s no longer traveling the world. Working in the US is such a blessing.

[LandDeveloperGuy @subdivisionguy]

@Osint613 farmer doesn’t mean conservative anymore.

[LandDeveloperGuy @subdivisionguy]

@ithinkformysel5 @FiredUpCoug Schools are funded by days attendance so they literally lose money when kids miss. It’s terrible. Not about their education nearly as much as it’s about the dollar value.

[LandDeveloperGuy @subdivisionguy]

@FiredUpCoug This is the right play. However, my parents didnt care if I skipped school but there was just something about telling them that made it less “cool”. I was no longer “skipping”. It was more fun when we skipped without telling parents. It just was.

[LandDeveloperGuy @subdivisionguy]

For several years all the flipshow “gurus” really only made money from appreciation. Good for them, but very few actually knew how to buy right or add value. Most could’ve just bought the house, let it sit for six months instead of spending 6 months doing renovations, and then sell it again as-is for about the same profit without any construction risk.

And yeah same with rentals. If you aren’t in a high appreciating market, then it’s basically a little better than a savings account. Three years of cash flow can easily be wiped out by one AC repair, water leak, etc. Not to mention the tenant drama in the meantime.

[LandDeveloperGuy @subdivisionguy]

@shawngorham V6 don’t go home without it.

[LandDeveloperGuy @subdivisionguy]

I got sick of requesting help on social media and getting bombarded with messages mostly from less than desirable. I created a video jobs/gigs app to save both sides of the equation a lot of time. Cut down on the driving and having strangers in your house screen them with ReelJobs! https://t.co/saoXNIy7eP

[LandDeveloperGuy @subdivisionguy]

@abrazomack She wants out. “Starting a new life” a few hours away.

[LandDeveloperGuy @subdivisionguy]

I’m trying to buy an RV campground but the seller wants a high price at an 8 cap and NOI that’s half documented with very unprofessional books and the other half is all cash with no bank deposits. She owns/runs it alone. We are about 30% off on the sale price. She came down on her ask already about 40% since last summer. Long way to go.

[LandDeveloperGuy @subdivisionguy]

@rising_crust @abrazomack It checks off a lot of boxes for me so yeah I have strong desires… but also know the first rule of real estate development: you make your money on the acquisition. It’s just frustrating when the data justifies my offer. Time will tell. No rush here.

[LandDeveloperGuy @subdivisionguy]

@nathan_covey No cities for us. Fun to visit. Have fun up there.

[LandDeveloperGuy @subdivisionguy]

@PantsToTravel Thanks for the feedback!

[LandDeveloperGuy @subdivisionguy]

RV folks: how do you prefer to book your short term spots in a campground? Call, online booking through Campspot, Good Sams, etc? If the campground only books over the phone do you automatically rule them out?