Needing Equity Partner for Development in Dallas 23-25% Return

[Joseph Pytcher]

I am building 4 units of town homes in East Dallas. Each unit will be sold between $450-475k and will consist of a 1800-1900 sq ft town home with 2 beds and 2.5 baths, a two car garage and a roof top access for each unit.

We are needing $500k in equity and we will provide the $900k funding for construction. The equity partners will receive one third of the profit of $115k which is about a 23-25% return annualized. This project will take between 12-14 months to construct and sell all four units. The area is highly desirable and most units sell before construction is complete.

The investment will be secured by a partnership agreement which includes a profit share agreement. There will be two general partners which will receive two thirds of the profit for providing the $900k construction funding, putting together the project, planning and construction and selling all units.
 

We already have the property under contract and are asking for a limited number of equity partners. Closing is September 11th. 

Please contact me for more information. 

Joseph