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Updated over 7 years ago,
New Construction in DFW - Intro/Seeking Advice
Hi- My husband and I have built/sold 1 spec home in DFW and a second sale is pending. Both profitable and we want to scale up now. We have a great GC whom we trust and who does our builds.
We are open to working with equity partners to do more deals. We currently operate under an LLC. We would form a new LLC for each new joint venture with equity partners. Our current LLC would be a member of the JV LLC and each equity partner would be a member (via an LLC of their own). Profits would likely be split in proportion to capital contributions. Any advice/suggestions from people who have executed this deal structure successfully?
Also would love to connect with folks interested in DFW build/sell or build/hold