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Author Topic: Entitlements  (Read 1237 times)

Offline BIGSFDADDIO

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    • rlugbauer
Entitlements
« on: June 25, 2007, 12:37:22 pm »
I am thinking about selling my re-hab prior to construction with a full set of plans etc.  How can I establish my asking price for the project?  The two units will be worth 1.6 million when it is complete, and the construction budget is 425k.  I owe approx 610k on the property.  I was thinking 800k.  The new owner/contractor will be in it at approx. 1.275, and will make 325k before commision.  Also do you list a property like this through the MLS, or is there a beter way to find an investor?  I have found another project that has more appeal, and I would like to get out of this one.  The planning process alone in San Francisco took us 10 months before we had permits.  It will be a two unit building when finished. 

Any help or direction would be appreciated.  Thanks R :help

 




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