All Forum Posts by: Andy Edgemon

We love new construction for rentals or selling spec homes to investors in which they turn into rentals.  

Hello all investors!!

I am a builder based out of the Fort Mill SC, area right outside of Charlotte NC.  I am currently looking for investors that are willing to partner for deals in 2025.  I am looking to build at minimum 6 spec builds this year in Charlotte area and hopefully 4 new builds in the Greenville SC area.  You as the investor will have the choice to keep it to add to your portfolio as a long term, mid term, or short term rental, or sell and split the profits at an agreed revenue split.  Charlotte and Greenville  area is booming and existing inventory is low, so what better way than to build what people need from the ground up.  If anyone is interested, feel free to reach out so we can discuss more about opportunities and a exciting 2025! Thanks for reading, 

Andy Edgemon 

Red 2 Homes, LLC

Baruch, I own Red 2 Homes and build in the Charlotte Metro and in South Carolina.  I specialize in new construction.  Feel free to reach out so we can discuss further with what you have.  

I would agree with Jay.  Pay by the door.  That is the best way and usually how I operate especially in the slow season to keep my subs busy.   That way it's a low cost to the investor or owner of the project and I know they will bring repeat business to me.  Second option is while finding a good GC to work with or rule of thumb I would say is make sure you don't pay over 25% of construction cost.  For jobs that I do for normal customers (not investors) I will have 20% cost plus on total price of construction from day 1 of clearing trees, prepping land, to CO.  So if total construction cost is $300K then my fee will be $60k.  Most of the time that new construction will sell for $450k+ which is why I said to make sure it construction cost, not total sale price.  

Sounds like time to look for a new property manger. Basically stealing your money. I look at it like this, if the place is vacant and they aren't bringing tenants in, but still want money plus charging you a boat ton for "repairs" see you later. Mid term and STR is a good option but you will have to furnish it, and do not go on the cheap route from IKEA or something that will break and you will have to replace it again anyway.

Hello, 

Any investors need a licensed GC in South Carolina? Let's connect and see what you need.  I specialize in new construction, fix and flips, rehabs and demo.  Let's connect and get to work!  I am in the Fort Mill area and have jobs in Clover, Fort Mill, Lancaster, Bufort, Indian Land, and Lake Wylie.  

Brandon, 

I focus primary on new construction on in fill lots.  Let me know what you have available.  

I'm licensed in South Carolin and live in Indian Land area.  Let me know if you have jobs that you need help on.   

I agree with all of the above. I recently tried the same thing in my area and it's a huge headache. Roll back taxes, HOA arrears are just a small sample of undisclosed issues you will face. Also just because it hit bankruptcy doesn't mean that ALL liens are wiped out. Plus you will submit a solid off, wait 45-60 days just to hear that you got out bid with no time left to counter.

It depends on the land honestly. Is the land next to an establish road with utilities? If it's just road frontage land that you can turn into lots it's not that bad. If it's small road frontage but acreage deeper then you need to meet with an architect, and civil engineer to see how you can build a community. A lot going on there. Tree clearing, grubbing, moving dirt for cut/fill operations, storm water, power, gas, water, fire access etc. not a small task but doable. If you are going to JV for land purchase I would definitely get quotes from architect, engineers, and estimated civil cost. Have all that factored in your deal then who would manger construction, and who would manger contractors during the new houses being built. That's quite a bit of up front cost before you see any return on investment. Especially considering zoning approvals, permits for land development (Local and State) moving equipment in, then permits for individual houses before you can even sell or market.