Nadlan Invest is offering a joint venture to build up a high end property in Cape Coral, Gorda and North Port in Florida

As part of the joint venture, the investor purchase the lot, we open up a partnership LLC, we bring the funding to build and manage the buildup process until the property is ready.

Once the property is ready, we sell it in the open market for the highest paying customer

Costs:

1. Lot
   Lot prices vary by the location and size, and as well if they are on a canal, pond or have open access to the gulf.
   Cost can range between 50K for lots that are further away from the open water and up to 150K-250K for lots that are very close to the water.
   As part of the process we will locate the right lot that fits the investor.
   We will make sure in the dew diligence period and by doing a survey, that the lot is buildable and fits our needs.
2. Permits
   Permits cost usually around $5000
3. Financing
   We will take responsibility for financing the costs to build the property
   In order to build the property, and get good rates, the borrower needs to be a US Citizen and with building experience.
4. Cost to build
   We work with an exclusive contractor that build our houses for $430,000.
   The most important thing is that our contractor price quote is firm – we saw many contractors that change the price periodically.

Floor Plan

Example of a finished house

The Area – Migration Compared to New Houses Built

Blue Line – Migration
Cape Coral is the 2nd largest city in the US for migration in 2021

Orange Line – New Construction
We can see the there is 2 to 3 times more migration then New Construction – this kind of a market is exactly where we want to be
The demand is so high, that we have many years to come until there will be enough houses available
As well compared to other states where it’s very easy to build and get permits, here we need to take into account the new of sea walls, removal of nesting turtles, blue bird, owls etc.

Comparison with Other Markets

Miami Migration – We can see a negative migration due to the high rental and property prices. Most of the migration is to the center and to the west of Florida. 32,541 people migrated out of Miami in 2021

New York Migration – as can be seen in this article, New York is the number one city with the negative amount of outward migration – most of the people moved to west Florida, that’s why Cape Coral is 2nd in the entire US with the amount of inbound migration, as can be seen in this article.

Austin, Texas Migration – Austin saw high migration in 2020, 53,266 people moved in, but the numbers declined in 2021 and on the other hand the number of new build and permits sky rocketed – when we look for the next market to purchase in, we don’t want to see the orange line, the number of new builds, above the migration line, and we can see that these lines are crossing in Austin, compare to Cape Coral where migration is about 2-3 times the amount of new construction built. Austin, not like Cape Coral, has lots of land to build on in the surrounding areas, so there is no limit to the amount of properties that can be built in the towns around Austin.

Dallas, Texas Migration – Dallas migration, as a contrary to the hype and the news, is actually same now as it was in 2011 after the real estate crisis. The problem in Dallas, is that if you are going to drive 9 hours to the east of Dallas and 9 hours to the west, there is actually nothing but a lot of land to build on – so compared to dense markets that doesn’t have a lot of buildable lots, there is endless amount of possibilities to build in these areas, as well if we go north we will have Oklahoma City which is not a major investment destination as well.
Dallas is seeing a huge amount of properties that are currently being built, more then 80,000 of them, so once they hit the market, with migration of only about 62,000 in 2021, prices will have to come down.

Read about migration trends in the US and the top 5 migration destinations in this article

Profit Example (Hebrew)

Materials

When we build in location that has HOA, usually their requirements are strict, for example the usage of metal roofs

Lots for example