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Updated over 3 years ago, 05/19/2021
Spec home builder trying to expand, funding questions
I have been building homes focused on building science for some time now. We do all sorts of "new" things like IOT devices, built in commercial grade networking/wifi, basic home automation, etc
We build a great home, air tight, comfortable, healthy, side bonus is the homes are energy efficient. Profit margins arent as great as the competition building garbage homes that will absolutely have issues shortly after being built but I do sleep well at night knowing the homes we build are great and will be here long after I'm dead.
We have been working on a website recently that allows us to have contractors and sub contractors login and view new jobs for home builds, view prints, permits, and accept/decline jobs as well as get paid automatically after inspections for their job are complete and passed. Homeowners are able to also have an account and register their home to help with the iot onboarding process and setup their home and automation details as well as schedule maintenance and 3rd party services from our portal.
Ive spend a considerable amount of time and money on this software package and so far so good. I'm ready for the next phase of my plan and thats to stop using banks to fund house builds. Giving up equity in exchange for cash to build homes makes more sense than paying banks for new construction loans.
We have a 45 acre parcel being sub-divided into 180 lots that will add on to an existing sub division. I would like to find a partner(s)/investor(s) that would have an interest in taking a look at what we are doing and finding the funds to stop paying banks.
Id be more than happy to share more details privately. I'm just a phone call away.