How to scale up my development business?

[Patrick Philip]

I've been building single family homes for a couple of years now. I now have lenders that are willing to lend to me. I plan to finish 10 houses within the next year. I am reaching the point where I can no longer manage it myself. How do I scale this up so that I can just be the money man and have hopefully someone else do all the work? Every time I've contacted a GC, they want such a large amount of money that I can't do it realistically. They are asking for what amounts to almost half of my profits for their management fee.

[Jay Hinrichs]

if your not already you get your GC license then you hirer a staff person to build them for you under your license.

this should be done for about 10k a house I would think..

coming out of the GFC I was able t hire this person for 3.5 a house doing 20 a year.   I suspect you will have to pay 75k to 100k for this person as salary

maybe add some bene's to.