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re: Condition of the real estate markets in Lafayette
Posted on 12/9/15 at 2:46 pm to theoldwiseone33
Posted on 12/9/15 at 2:46 pm to theoldwiseone33
quote:
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?
Comps are in the 140 range, but he will build for around $105. Trying to stay under $250k with property worth close to 40k.
Contractor is ReMax A.M. Design & Construction Group
2
Posted on 12/9/15 at 7:24 pm to Tigerfan19
Looking to buy in the 70508 zip in the next year. Been watching the prices drop slowly. My kid is at plantation and trying to stay in the same district. Close to work for me.
Posted on 12/10/15 at 9:21 am to Tigerfan19
AM Design is a good builder. He is giving it to you at cost or maybe a small profit but $105/ft is an excellent deal. If you can sell for anywhere around $140/ft you are making a great deal. Do it 100 times if you can.
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