Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

22
Posts
12
Votes
Brian Falcon
12
Votes |
22
Posts

Funding new construction - developer vs investor

Brian Falcon
Posted

I'm not sure which forum to post this in, so I'll give it a shot here.  I'm an architect and have a small construction business with a partner (another architect).  We only design/build Zero Energy Ready and Zero Energy homes with this company.  Currently we have 5-6 homes either on the boards (design) or in construction.  We would like to venture into developing our own projects and either selling or renting them once complete.  Project size could vary between single family, townhome/multi-family or even small neighborhoods (under 20 homes to start).  We have all the tools and talent between us for the design and construction scopes, including dealing with municipalities and working with civil, structural and MEP engineers, as that's part of our full time work. 

However we are not familiar with the process of seeking and securing funding for new construction/development work.  Does anyone have some good resources (books, webinars, websites, etc.) on how to work the front end of this type of proposed project and putting together a compelling proforma for potential funding sources (and even how to locate reputable sources to partner with)?  I will be reaching out to some developer colleagues to ask the same questions but thought some fellow BP folks may have some guidance here.  Thanks for any input, I appreciate it.

Most Popular Reply

User Stats

293
Posts
161
Votes
Obed Calixte
  • Real Estate Agent
  • St Petersburg, FL
161
Votes |
293
Posts
Obed Calixte
  • Real Estate Agent
  • St Petersburg, FL
Replied

You may want to poke your head in the "Real Estate Land Development & New Construction Forum" and see who is active there. 

I'm in the beginning phases of learning the development game and there are some very helpful people there and the CRE forums.

There's a fellow named Douglas Gratz that's also based in Philly working on his first new construction project (has a thread name "My New Construction Journal From Start to Finish")-- while not exactly what you are looking for, could be a great contact. Barry Ruby also shares a ton on knowledge. 


Loading replies...