Gregory Monette Jr.’s Post

When you’re buying lots from a developer (that develops subdivisions), make sure you structure your earnest money correctly. Projects take awhile to get financing, municipal approval, complete construction and so many things can happen. It’s important to do your homework and make sure your or your clients money is protected. I didn’t mention this but you also want to make sure the earnest money is secured by a deed of trust or lien on the property in the amount of the earnest money if the project takes longer than 6 months to complete. If you’re a developer looking to work with a credible builder, let’s connect! I’m always looking for finished lot opportunities to grow our home building and BTR operations. If you’re new to the residential development scene or have questions about it, I’m always happy to connect. #houstonrealestateinfluencers #houstonrealestate #realestatedevelopment #harthomes #buildtorent #CRE #realestateinvestors #realestateinvestment #realestatedevelopment #realestatehouston #movetohouston #htown #houstontx #houstonrealestate #monette

⏱️Timing is everything. 🚜Lot deliveries are an exciting time both for a developer and a builder. However, if you’re a developer and you put the pedal to the metal too fast, you can put yourself in a tough spot especially if the market softens. 🏃🏾You want to stay ahead of your builders but not too far ahead of their sales paces. Great example…if you have a one builder community with 500 lots and they’re only PURCHASING (or they take down) only 50 lots a year, it would not make sense to deliver all 500 lots in one swing. Financially, you’ll be paying interest on the remainder of those lots for 2-3 years which can be 20-30% of interest wiped away for no reason. 🤓Now of course that looks different if you’re selling to the public builders or large regionals that can purchase half or all the lots in bulk or you’re doing a master planned community with multiple builders. 🤔Game planning is key during development. #houstonrealestateinfluencers #houstonrealestate #realestatedevelopment #monetteproperties #buildtorent #CRE #realestateinvestors #realestateinvestment #realestatedevelopment #realestatehouston #movetohouston #htown #houstontx #houstonrealestate #houstonrealtor

They aren't all HOME RUNS...(although that is all most people post about).. This is a property we acquired almost 3 years ago in #Plainfield NJ where we have done over 400 residential units in multiple projects. It is adjacent to a NJ Transit Parking lot, a true #TOD in a #RedevelopmentZone and across the lot from 120-unit project we did and later sold 2 years prior. The plan was a 55 unit apartment building. The path was quite clear on the #approval side so we closed WITHOUT approvals, as-is. After 2 years and a substantial investment, remediating the site, and obtaining all but 1 governmental approval, the DEP denied our last needed approval. An approval that was identical to the project next door, that we obtained 2 years prior....but things and people change. The NJDEP didn't see our logic the way they had before so they made a decision...If you do it long enough and take your chances, it happens (sometimes). BUT...because we had a 17,000 SF light industrial building, we made some improvements, cleaned up the site, and SOLD this property a few weeks ago, at a great return. Yes, it was short of what we had planned and spent considerable time pursuing but the "red tap" is real! Shout out to my partner Dennis Cieri who is the best partner one could ask for, always problem solving, and a great developer. Also shout out to Joel Dicker our First VP at Bennett Companies who was the Exclusive Listing Broker and procured the Buyer. #bennettrealtydevelopment #development #multifamily #TOD #redevelopmentzone #groundup #NJ #Plainfield

60 vacant lots on Perkins Road in Lacombe, LA are now available and ready for development! Whether you're planning to build homes, create a rental community, or something unique, this is a prime chance to invest in a growing area. The lots will be pre-cleared, and custom floor plans will be available soon. Need something specific? You can fully customize the plans to fit your vision! Why this is a great deal: ✅Pre-cleared lots save you time and costs. ✅Perfect for developers and investors looking for new opportunities. ✅Located in an area with high growth potential. ✅Customizable floor plans to suit your project. 💼 Exclusive bulk discounts available for purchases of 5, 10, 20, 40, or all lots! Great for serious investors. 📍 Perkins Road, Lacombe, LA Contact David Locker at (985) 603-8085 or davidlocker@thewilliamsteam.com for more details. Don't miss this opportunity! #InvestorAlert #LacombeLA #LacombeRealEstate #VacantLots #LouisianaRealEstate #PerkinsRoad #RealEstateOpportunity #LandForSale #PropertyForSale #TheWilliamsTeamLA #TheWilliamsTeam #DavidLocker #RealEstateInvestors #DevelopmentOpportunity #LouisianaInvestments #DreamProject #RealEstateDeals #BuildYourVision Check out bit.ly/perkinsrd or click the link in bio!

60 vacant lots on Perkins Road in Lacombe, LA are now available and ready for development! Whether you're planning to build homes, create a rental community, or something unique, this is a prime chance to invest in a growing area. The lots will be pre-cleared, and custom floor plans will be available soon. Need something specific? You can fully customize the plans to fit your vision! Why this is a great deal: ✅Pre-cleared lots save you time and costs. ✅Perfect for developers and investors looking for new opportunities. ✅Located in an area with high growth potential. ✅Customizable floor plans to suit your project. 💼 Exclusive bulk discounts available for purchases of 5, 10, 20, 40, or all lots! Great for serious investors. 📍 Perkins Road, Lacombe, LA Contact David Locker at (985) 603-8085 or davidlocker@thewilliamsteam.com for more details. Don't miss this opportunity! #InvestorAlert #LacombeLA #LacombeRealEstate #VacantLots #LouisianaRealEstate #PerkinsRoad #RealEstateOpportunity #LandForSale #PropertyForSale #TheWilliamsTeamLA #TheWilliamsTeam #DavidLocker #RealEstateInvestors #DevelopmentOpportunity #LouisianaInvestments #DreamProject #RealEstateDeals #BuildYourVision Check out bit.ly/perkinsrd or click the link in bio!

So, what neighborhood performed the best for developers in the 4th quarter of 2023? The average price of condos sold by developers increased by a whopping 27.4%! Demand in the area is strong and supply is limited. This information is essential because it indicates that Prospect Heights is the way to go if you want to purchase land. Now, the past does not predict what will happen in the future, so we will keep our eye out for a trend. #prospectheights #brookbrokers #brooklynresidential #Brooklynresidentialinvestments #Brooklynland #brooklyn #bk #Brooklynmultifamily #multifamily #brooklyndevelopment #residentialdevelopment

We’re about 75% sold out in Anahuac. 🕺🏽🎉🥳 Hart Homes came in and painted the town orange (no offence Aggies). Although there were a couple other big builders in the market (but not in town) we still managed to sell most of our homes inside the city. 🙌🏽 I need to keep my construction team busy out in Chambers County so if you’re a developer that’s working on something out here, let’s connect! We can even build in Jefferson county👷🏽♂️ Min. 50 lots, max 55’ lot width size. Our target is the affordable home market so nothing too pricey. #houstonrealestateinfluencers #houstonrealestate #realestatedevelopment #harthomes #buildtorent #CRE #realestateinvestors #realestateinvestment #realestatedevelopment #realestatehouston #movetohouston #htown #houstontx #houstonrealestate #realestateinvestor

For a 3 storey 8,000 sq foot footprint what is the cost per sq foot for a precast concrete building.

BUILDERS - Skip the wait, build the dream! 🧱🏘️ Sick of working with slow banks? ⏳ That's where we (Upright) come in, funding residential spec builds for Pittsburgh & Cleveland’s top builders, like the legendary Knez Homes — at lightning fast speed. ⚡️ Check out these stunning townhomes Knez is building - near University Heights, on Wynn Rd. These, along with our many others together, are proof that amazing things happen when the right builder & funder work together. 💰🤝 Here's the magic: we streamline the process, so builders can focus on what they do best - crafting beautiful homes. 🎨🏡 This means less waiting, less hassle, and more happy homeowners (and builders!). Want to join the dream team? We’re always looking for more awesome builders to partner with to fight the inventory shortage. DM us to chat! 🔥 #Cleveland #Pittsburgh #RealEstate #DreamHome #Building #SpecBuilds #KnezHomes #WynnRd #UniversityHeights #FinancingMadeEasy #LetsBuild

Infill lots vs development lots in a new community 👇🏽👇🏽👇🏽 Infill lots: (+) - Easier to obtain - Usually cheaper depending on area - Near local city amenities (- ) - May need clearing - May require to pay for tapping into water and sewer supply - Tougher to sell Developed Lots (+) - Clean, cleared and ready to build - Have water and sewer taps in place - In a new neighborhood with amenities - Easier sales because of model home and community feel - Economies of scale for purchasing and construction costs (-) - Generally more expensive than infill lots - Require more capital (think min $500k - $1M depending on the community and developer’s offering) - In more suburban areas If you have land that you’re considering selling and need some guidance on how to maximize your profits, let’s connect. Monettepropertiesgroup.com #houstonrealestateinfluencers #houstonrealestate #realestatedevelopment #monetteproperties #buildtorent #CRE #realestateinvestors #realestateinvestment #realestatedevelopment #realestatehouston #movetohouston #htown #houstontx #houstonrealestate #houstonrealtor