Builder Needs REI Help

[Terry Portier]

I been away for a while designing my first spec home and forgot everything I learned. I have enough free cash $100K to build my prototype design lot included. What would be the best way to stretch that so I can keep on building? I want to keep the prototype live in & collect a year worth of energy bills which if all goes right will be close to net-zero in climate zone 4. Of course if someone wants to take my word on the u-bills I'll sell/profit. Here in KS if I don't go LLC I can owner finance up to ten, or maybe lease purchase, or? I know all the risk of doing business outside an LLC lets not turn this into another one of those threads. :) I can also qualify for loans, got good credit criteria.

Thanks in advance for any help.....

[John Moore]

Open lines of credit with your suppliers, get advertising support from the sales managers for uising certain products and advedrtise the house prior to finishing. Advertise the house as being highly energy efficient. I don't know how much more you think you will get by producing a years' worth of utility bills. I might think that the one year carrying cost might eat up the difference. I would concern myself with comps and let that influence your decisions. You could attempt to get a construction mortgage and that should solve your problem of stretching the buying power. I would light some fires under the subs and attempt to get the house constructed in 90 days and that would answer many of your challanges. Food for thought.