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Updated over 9 years ago on . Most recent reply

User Stats

208
Posts
99
Votes
Kenneth Bell
  • Developer
  • Charlotte, NC
99
Votes |
208
Posts

From sucessfully crowdfunding development to building and selling it

Kenneth Bell
  • Developer
  • Charlotte, NC
Posted

Thanks to all that followed me through my first crowdfunding raise for my infill development project. I figured why stop the party! I am going to chronicle the rest of the journey. 

Some background information on the project to start. I was able to assemble and divide 4 residential infill lots in an up and coming area in Charlotte NC. with the current zoning I was able to divide the 4 lots and make 6 lots. After looking at comps in the area and the market I picked six unique plans. I managed to fund the first of these 6 houses through Ifunding. 

We started moving dirt yesterday the lots are being cleared and graded. They will stake the foundation by Monday and maybe we will have permits in hand by Friday. My building permit is in plan review (7-10) day . 

first day pictures

https://www.dropbox.com/sh/an1uh5r53buqnl2/AADB_u_...

Most Popular Reply

User Stats

208
Posts
99
Votes
Kenneth Bell
  • Developer
  • Charlotte, NC
99
Votes |
208
Posts
Kenneth Bell
  • Developer
  • Charlotte, NC
Replied

Hello All!

I have been super busy and have not been on BP in a while. Here is where we are.  We have completed the first, second floor framing and the front gables have been errected for the third story. We should be placing rafters today after a full day of rain yesterday. I checked yesterday on the status of our windows and doors. They should be on site by weeks end and we can call for our framing inspection! Once we get inside the pace really picks up! I will attach some pictures.

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