$$$ To Build MY OWN House?

[Steven Byrnes]

I have a unique situation, probably more unique to me since I’m newer in my real estate journey.

I work as a construction manager for a home builder in Texas. I’d like to buy a lot and build my own personal home, using my knowledge and resources.

I’m wondering what the best way is to finance this project?

Notes: I have excellent credit, steady income, and a sizable amount of cash set aside for downpayment.

[Chris Seveney]

@Steven Byrnes

Talk to a local lender on a construction to permanent loan. I did this same exact thing.

One caveat is if you want to act as the GC you may need to have a GC license - depends on lender,

What we did was we hired a GC who I knew who then contracted to me as the construction manager so I managed it all and paid them $5k for doing this and paid their insurance bill.

We saved a few hundred grand by doing this. Be happy to share more offline