Why Indians not into buying land & build homes in US ?

[Saaho]

Oka group of friends kalisi ...5 -10 acres land buy chesi .. we can build a community 10-15  homes kada...

 Is it difficult to get permissions/construction contacts ..?    I'm trying to understand why only few big builders are constructing homes and why we didn't try

[Scurvy]

5 minutes ago, Saaho said:

Oka group of friends kalisi ...5 -10 acres land buy chesi .. we can build a community 10-15  homes kada...

 Is it difficult to get permissions/construction contacts ..?    I'm trying to understand why only few big builders are constructing homes and why we didn't try

Kondaru   consultancy owners bulk lo acres koni and giving option to consultants ani vinnanu.

[erragulabi]

nee circle chinnadi kaavachchu...its happening in Dallas area.

[Piracy Raja]

chala mandhi chestunaru kada

McKinney, TX lo telisina vallu group gaa form ayi around 100 acres konnaru 6-7 months back

[csrcsr]

Already started some burned hands ani talk some got internal panchayat 

[Shameless]

8 minutes ago, Saaho said:

Oka group of friends kalisi ...5 -10 acres land buy chesi .. we can build a community 10-15  homes kada...

 Is it difficult to get permissions/construction contacts ..?    I'm trying to understand why only few big builders are constructing homes and why we didn't try

that's a good idea and you can start it bro if your friend circle is financially well fit...

I do know few Indians who have a successful real estate business in the US..Westland, MI area lo oka Punjabi family runs the real estate business there...they own many apartments and commercial buildings..

[jefferson1]

6 minutes ago, csrcsr said:

Already started some burned hands ani talk some got internal panchayat 

More details pls 

[Shameless]

14 minutes ago, Saaho said:

Oka group of friends kalisi ...5 -10 acres land buy chesi .. we can build a community 10-15  homes kada...

 Is it difficult to get permissions/construction contacts ..?    I'm trying to understand why only few big builders are constructing homes and why we didn't try

maa area lo oka desi Fixer Upper business chesthadu...his father actually started the business and the son took over it I think 10 years ago...

they buy foreclosure homes for cheap prices, fix them with contractor grade material, sell them for good price...it's a good business in my area..

I initially thought of doing it and I still have it in my mind but somewhere little hesitant to start..

[csrcsr]

5 minutes ago, Shameless said:

maa area lo oka desi Fixer Upper business chesthadu...his father actually started the business and the son took over it I think 10 years ago...

they buy foreclosure homes for cheap prices, fix them with contractor grade material, sell them for good price...it's a good business in my area..

I initially thought of doing it and I still have it in my mind but somewhere little hesitant to start..

Adi flipping type kada bayya chala mandi chestaru

[csrcsr]

5 minutes ago, jefferson1 said:

More details pls 

Few relatives Florida lo land tosukoni town homes planned , they pooled money some wants to be sleeping partner some want to be active involvement but don't do any work and pani chese valaki pullalu petadam basically disorganized ga money pool chesaru they tried hard and wanted more money to finalize the project a time lo few backed off , they took office in Jackson ville worked with city to get permission etc etc all that effort watsed

[hunkyfunky2]

33 minutes ago, Saaho said:

Oka group of friends kalisi ...5 -10 acres land buy chesi .. we can build a community 10-15  homes kada...

 Is it difficult to get permissions/construction contacts ..?    I'm trying to understand why only few big builders are constructing homes and why we didn't try

This is already done , but not that easy as in India...

Land zoning etc need a big builder and some local politicians influence.. for ex: in most suburban locations, you need to lay roads or do some coffer developments to get permissions.

Small builders are blocked by big builders using their influence 

[Shameless]

13 minutes ago, csrcsr said:

Adi flipping type kada bayya chala mandi chestaru

I think there is a difference between Fixer Upper and Flipping bro...not sure exactly...may be we can wait for our DB experts to comment...Chicago area lo chala mandhi desi lu chesthunnaru..

I seriously want to start at least with one small house bro...I do have a family contractor who can help modify the house but need to think more on this

[Telugodura456]

Indians have cushy software jobs or mesthri jobs where money falls in to bank account every 2 weeks. They wont go for these where one has to move men and material.

[sureshkonda]

texas lo emundi ra ayya. power bill $400 vachindi ee month property taxes are high. crime rate increasing

[veerigadu]

Adhi seyyali anteee....Investment gattiga kavaliiii.....You have to have alot of money upfront. Loans ki pothe high interest for such investments and also you have to pool with multiple investors.

Tharvatha profit making happens once you sell it. In the mean time, many things can go wrong and desi people dont want to risk it. 

Vomerica lo illu kattadam contractors tho deal seyyadam,....mana India lo mesthri la ni dobbinatuuu kadhuuu...10ngutharuuuu vallkiiii full demand ikkadaaa