All Forum Posts by: Dwayne Byrd

Hello Stuart, 

Thanks for taking a look at the post. I posted all of that as a background to give understanding of what I have. I have done several deals on flips, property investments etc. that are able to take advantage of ecosystem that I have setup. I don't currently have a title company - down the road would like to.

The assumption that I would do the investment to have ancillary businesses making money with no regard to the actual investment isn't how I do it. In fact, for instance, when I list the investment projects for sale, I don't charge on the selling side so it SAVES the project money. As for financing / mortgage - my office manager mlo runs the loan and helps buyers etc. The ancillary services are just an added benefit - not a main factor for me as the money made from the pales in comparison to the actual home build / sale.

I own several pieces of land that I could use for some of the projects (and could collateralize), but I would like to build more homes than the number of lots I have. I would be responsible for the note etc. and we could lien each house individually etc or collectively. I just happen to be a broker that has an abundance of leads and agents looking for homes for people. I am very knowledgeable of the market and have a few targeted areas. I also have spreadsheets of costs from the GC who recently completed homes similar to what I am wanting to do so were are able to spec out the homes - and use sales data on the other side. I hope that makes a little more sense in further describing what I am wanting to do.

Hello All! 

My name is Dwayne Byrd and I own a real estate brokerage and mortgage brokerage. We have around 40 agents at our brokerage and are amongst the top advertisers for several large sites etc. We sold around 300 properties and 85 million in volume in 2023. I have been growing these amazing businesses and ultimately would love to help people through the entire real estate transaction adding title and home building (We have flipped about 10-15 homes / properties). Home Building has always been my ultimate passion and where I really want to end up!

I have a GC on board, the mechanism to market and sell the properties, my own mortgage company for financing the buyers as well as the brokerage for selling (with 40+ agents and staff to sell).c I am interested in speaking with investors looking to park some money in Real Estate Construction. I have the plans, marketing, experience and teams ready to go - just need an investor ready to go.  I have an MBA and have everything ready and the numbers look great! I just thought I would throw it out here to the BP Universe!

You are most welcome!

I have a family member up in Pensacola who is one of the larger commercial contractors up there (I am originally from Century, FL). He has built several complexes etc. Chavers Construction - Ask for Ryan Chavers (850) 754-0245 - Be sure to tell them that Dwayne Byrd sent you there way and they will take care of you!

We literally closed on one last year the day before it was to be auctioned off. We went to a title company which was ran by a lawyer. We had to get paperwork together quickly and he stayed in touch with the lender to keep them updated. We pulled it off with cash very quickly. It can be done, would definitely use a title company that has an attorney as compared to a normal sale I always use a normal title company.

Not a super hard thing to find. Just make sure the numbers make sense with the interest rates. A lender I spoke with this morning said the rates are in the 9's and 10's right now with it. 

I went up and looked at a few last year that were condo-tells in Daytona Beach. There were some that the numbers were AMAZING, but were questionable with hoa's or questionable people occupying other units etc. I did have one listed, sold it cash while putting together a financing offer. A couple weeks later the hurricane came, and part of the building fell into the ocean. All in All, was very impressed up there and found plenty with great numbers! 

Will likely roll over to it since it's in FL

It's never good to generalize, but haven't ever done a deal with a wholesaler. Have only found a few that had a clue. It's tough. I feel like too many watch youtube or go to a seminar and try to learn "how to get rich quick with other people's money, etc." I think many don't have the resources to actually purchase the property if they don't find a buyer - and that bothers me. I also feel that many take advantage of uneducated people. Currently, there is nearly zero people who couldn't make more money just selling their homes through traditional means on the mls market etc. Nearly everyone is at a breakeven point if even bought last year. Most people have a massive amount of equity and leave it on the table for the wholesaler to consume. There is a market for everything and everyone. I guess I just get tired of lowball offers in my inbox on every listing in my brokerage saying that we could get it done in 30 days, cash, for literally half the value of the home... If that was the case, I would personally buy every listing in my brokerage lol. 

Again I have learned that it isn't good to put everyone in the same category. If they can close a deal that they don't resell in the time period, I'm more ok with it. It's just when they drag a potential seller on and have zero means of closing where it hurts the potential seller who is only getting a fraction of their equity anyway. Just my 2 cents

@Jay Pillalamarri It seems like they would sell a ton of those lol!