PhD Scientist/Builder looking to connect with the BiggerPockets community!

[Kyle Kurt Gabriel Smith]

Hi BiggerPockets community!

I have a PhD in Theoretical Chemistry/Quantum Dynamics... https://pubs.aip.org/aip/jcp/article/142/24/244112/74387 ... and I literally designed and built my own house off of 30A in Florida ... https://www.scenicsir.com/homes/242-Blue-Gulf-Drive/Santa-Ro... .... I have been trying to sell it to build more, but that has been difficult due to the high interest rates freezing the market... I did finally get 2 showings the other day, and there is news of rate drops coming, so maybe it will sell soon. However, I have been trying to figure out possible creative financing options to build more without having to sell, but I cannot seem to find a lender willing to do 100% down on land and construction even though the LTV would be below 50% since I can basically build for costs of material plus minimal labor by doing almost all of it myself , with a little help here and there. I am in the process of getting my contractors license, and i could have it in a matter of months. This would probably help since the next one I build I could immediately put for sale and do a short term rental while it sells.

I have many years of construction experience and have also done a fix and flip, in addition to building ground up construction, as well as 10 years of entrepreneurial experience running a paddle board rental company... i have a BS in Physics from Georgia Tech , a PhD in Theoretical Chemistry from UT Austin, and did Postdoctoral research using Computational Engineering where I designed, manufactured, and tested a shock mitigating metamaterial...

I don't know if I need a partner, investor, or just more patience... which is why I have joined BiggerPockets and begun to look into the wealth of information!

I literally pass land everyday that could make a million or more just by building a house on it... I also pass land everyday that could make multiple millions just by building a small restaurant on it... 

I would be interested connecting with anyone who may be able to help me figure out if I need a partner, investor, or just more patience... 

Thanks!

[Alan F.]

Quote from @Kyle Kurt Gabriel Smith:

Hi BiggerPockets community!

I have a PhD in Theoretical Chemistry/Quantum Dynamics... https://pubs.aip.org/aip/jcp/article/142/24/244112/74387 ... and I literally designed and built my own house off of 30A in Florida ... https://www.scenicsir.com/homes/242-Blue-Gulf-Drive/Santa-Ro... .... I have been trying to sell it to build more, but that has been difficult due to the high interest rates freezing the market... I did finally get 2 showings the other day, and there is news of rate drops coming, so maybe it will sell soon. However, I have been trying to figure out possible creative financing options to build more without having to sell, but I cannot seem to find a lender willing to do 100% down on land and construction even though the LTV would be below 50% since I can basically build for costs of material plus minimal labor by doing almost all of it myself , with a little help here and there. I am in the process of getting my contractors license, and i could have it in a matter of months. This would probably help since the next one I build I could immediately put for sale and do a short term rental while it sells.

I have many years of construction experience and have also done a fix and flip, in addition to building ground up construction, as well as 10 years of entrepreneurial experience running a paddle board rental company... i have a BS in Physics from Georgia Tech , a PhD in Theoretical Chemistry from UT Austin, and did Postdoctoral research using Computational Engineering where I designed, manufactured, and tested a shock mitigating metamaterial...

I don't know if I need a partner, investor, or just more patience... which is why I have joined BiggerPockets and begun to look into the wealth of information!

I literally pass land everyday that could make a million or more just by building a house on it... I also pass land everyday that could make multiple millions just by building a small restaurant on it... 

I would be interested connecting with anyone who may be able to help me figure out if I need a partner, investor, or just more patience... 

Thanks!

 Welcome to the forum, typically a house isn't selling because of price. Maybe double check comps and make sure the marketing is performing well. Quality photos are important .

Yeah, building sciences aren't generally a major topic on this forum. I get a HERS rating & do other effeciency measures when possible.

Real estate meetups might be helpful, meetup dot com may be worth looking at. Best of luck in your endeavors