All Forum Posts by: Account Closed

We do this all the time. As soon as permits are pulled and plans submitted, land owned, we list the house on mls with 3d renderings and floor plans.

My avg time from listing until pending is 12 days with 3-4 months construction time and close a week or two after our own internal inspections are passed and complete.

You just have to make a plan and see it through to the end no matter what the outcome is. Losers are education and winners are income. 

stick with 1 strategy for now and figure out what will work with your budget.

ive been working on piece of software to help manage it all and hope to scale it up In a few years to franchise home builds but to our quality standards and designs.

this sub division project will give me enough capital not use bank money again... Next step for me on a 5 year plan is venture capital money when we are ready to go public.

I dont have any contacts in your area but that said, I have a platform that we are scaling up that would allow us to have contacts and track job progress. 

As a GC, most of my subs are separate entities and subs that I have limited supply of, I start my own sub business.... for example roofing companies here locally are very expensive for no reason at all. Charging $165 per square labor only to install shingles and I have laborers that do it for $45 a square. I started a small roofing company last month that handles all of my roofs and I take on replacements locally as filler. Thats a whole other discussion though.

Do you have land yet? funding? If you have those things sorted out, I can probably help you with the rest.

All of these lenders are the same. The worst being Lima one.

im about to give up equity in my spec home business to cut out banks and private money completely. Works out to save me about $8000 per home build by ditching private money and banks..not to mention the paperwork nightmare.

Ive explored this so many times and my final thought is HUD housing. Thats going to be the only way to make money with multi family as a GC building the homes. That said, I still havent done it because its just not as lucrative as the homes we are currently building.

I have been building homes focused on building science for some time now. We do all sorts of "new" things like IOT devices, built in commercial grade networking/wifi, basic home automation, etc

We build a great home, air tight, comfortable, healthy, side bonus is the homes are energy efficient. Profit margins arent as great as the competition building garbage homes that will absolutely have issues shortly after being built but I do sleep well at night knowing the homes we build are great and will be here long after I'm dead.

We have been working on a website recently that allows us to have contractors and sub contractors login and view new jobs for home builds, view prints, permits, and accept/decline jobs as well as get paid automatically after inspections for their job are complete and passed. Homeowners are able to also have an account and register their home to help with the iot onboarding process and setup their home and automation details as well as schedule maintenance and 3rd party services from our portal.

Ive spend a considerable amount of time and money on this software package and so far so good. I'm ready for the next phase of my plan and thats to stop using banks to fund house builds. Giving up equity in exchange for cash to build homes makes more sense than paying banks for new construction loans.

We have a 45 acre parcel being sub-divided into 180 lots that will add on to an existing sub division. I would like to find a partner(s)/investor(s) that would have an interest in taking a look at what we are doing and finding the funds to stop paying banks.

Id be more than happy to share more details privately. I'm just a phone call away.

 

Yes, that said, I now sell turn keys for other investors and I am a full time land and home developer in addition to my company being a general contractor now.

im happy to share my experience and journey with you 

 That's simply not true. I have a heloc on 2 rental properties and they are listed as commercial helocs.

I'm doing well building higher end spec homes in russellville