Multifamily New Builds

[Kyle Bouldin]

I'm looking to get into REI from the developer/contractor side. I'm from Houston with a background and experience in construction for over 10 years. I have a general contracting company in Texas that I'd like to get licensed in AZ. As Texas doesn't require licenses for GCs, I'm not sure how this will work as I don't have a license that could potentially transfer over. I've been working in the Phoenix area for the last two years in the data center world. I'd like to get into small multi-family new builds as a developer where I would serve as my own licensed GC. I'm looking to build my team out here and would love to connect with lenders, agents, architects, and other contractors. I have a basic floor plan I'm looking to build and adapt to the right lot (see attached images). I know it needs a few things (bathroom size) revised to make it code compliant, and I will need an architect to help navigate zoning (another thing we don't do in Houston :D), site plans, elevation aesthetics

 and local requirements. 

Currently, the ideal move for me would be to get an acre in Pinal County that I could put a house and is also zoned for MF. My wife breeds horses and needs room for 4 of them, so we need to be rural. The idea is to house hack in a rural area that I could develop down the road and transition from once the lot is fully built up. I've spent a lot of time on the pro forma as well, but a lot of the assumptions are based on the Houston market which I'm a lot more familiar with.

Does this seem like a viable plan? Is there anything I need to consider in pursuing this? Is there any feedback you would give? How hard is it to get financing as developer/GC?

[Josh Young]

@Kyle Bouldin that sounds like a good plan. Pinal County has a lot of rural horse properties that could work for what you are wanting to do. Some of my clients have used a company called Rezio for Architectual, Engineering, and Permitting, they are great to work with and handle the whole process. Pinal County is big, are you looking in the Apache Junction area or Casa Grande area or somewhere in between? Prices can vary a lot depending on where you are looking and the location of the utilities. I'll shoot you a message with a lender too.