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re: Condition of the real estate markets in Lafayette

Posted on 12/9/15 at 12:13 pm to
Posted by Tigerfan19
Member since Mar 2004
2125 posts
Posted on 12/9/15 at 12:13 pm to
quote:

That would be a solid move. You should be able to find some desperate sellers and good deals in 2016.


I purchased and paid off my property in the back of youngsville. Thoughts on building a home at this time, if i can afford it. Builder is a family member and can build the house for less the 300k. Thoughts on flipping said house in a few years. It's on a .5 acre of land in a subdivision that was undeveloped many years ago and now just being bought up by a contractor.
TIA
Posted by theoldwiseone33
University of Louisiana
Member since May 2012
493 posts
Posted on 12/9/15 at 2:27 pm to
Can't go wrong w/ paid off property on half an acre in Youngsville.

What can he build it for per foot and what are the comps per foot? The answer will tell you whether it's worth it or not.

Which contractor is buying it up? Is it a builder like Privat or DR Horton that goes cheap on everything or Van Alan who is top of the line?
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