All Forum Posts by: Brandon Chatman

thanks for the reply , I think i may have found a developer that will take me under his wing on his project. I plan to use this as my experience.

I dont have any details yet, but i was wondering if i put together a pro-forma/ exec summary and the numbers were on point could i get the project financed without a liquid down payment. This will be my first development.

I was wondering if anyone knew about developing La Quinta Inn & Suites. I looked into it last summer ,it seems like it could be a good option for me to start. Just hire the L&B General Contractor and they build from the company(La Quinta) blueprint. I think it was like 3M to build,and something about already being worth 1.5 million for colleteral. They are usually no more than 5 acres. MY question is Does anyone have expirence or know about the quick build hotels like these? And can I use the land as colleteral ?

Thanks for all the great info guys, im soaking it all in

Hi guys, My name is Brandon Chatman. Im new to the site and I wanted to introduce myself. To start I would like to say that I love the site, and I love the patience that an established Developer would show to a rookie as myself. lol
Im from Memphis Tn and ive never completed a development. The most i have done was seek financing for a few different development deals and spent a couple hundred bucks on Development books. So the majority of my post would be questions like can i or should i or how to. I have a general understanding of development, but when it comes to starting without capital, im lost. I did some reading around before I joined and I liked the forum, I thank you all in Advance for your help. :mrgreen: