All Forum Posts by: Henrry Novas

Hi BP, My family and I are working on a residential development in Cornelia, GA, where we’re self-funding our first build. We’re splitting a lot into two parcels, building one home first, and reinvesting in the second.

I’m looking for grant opportunities for infrastructure, land development, or new residential construction. I’ve reached out locally (e.g., Chamber of Commerce) but haven’t had much luck.

Any advice on specific grants or where to look would be greatly appreciated!

Thanks in advance!

 @Jay Hinrichs 

Hi Jay,

Thanks again for taking the time to share your experience—it’s been really helpful.

Before we wrap up, I’d love to hear your thoughts on two things:

1. 1. Looking back on your earlier projects, what were the biggest mistakes or lessons learned in securing funding or managing build costs?
   
2. 2. Since we’re in the early stages, do you have any tips on building meaningful relationships with lenders or private investors for future projects?

Thanks so much for your time and advice—it’s been a pleasure connecting and learning from you!

@Jay Hinrichs

Gotcha,

Thanks for sharing:

1. Did you guys ever raise private money? If so, how did you approach it initially?

2. How long did it take to complete those first three builds? Were they all completed within the same 12-month period, or did it take longer?

3. What are your thoughts on hard money lenders for spec builds? Do you see them as a viable option early on, or is it better to avoid them altogether?

Thank you @Jay Hinrichs!

What strategies do you recommend for securing hard money loans for spec builds? We’re working in a smaller market like Cornelia, GA, where comparable sales data can be limited, and want to make sure we present a strong case to lenders. As a family-run business we’re curious—what factors do lenders prioritize most when evaluating projects like ours? And how can we align our approach to meet those expectations and improve our chances of securing financing? 

Hey BP Community!
I’m looking to connect with experienced spec builders who have utilized hard money lenders, private money, or even grants to fund their projects. Would love to hear about your experiences, advice, and insights.

Hey guys,

My family and I are starting a new construction business, with our first build underway in Cornelia, GA. Our team includes a dedicated realtor, and we will soon have a licensed contractor on board. What strategies or systems have helped you grow from your first project to a scalable operation while managing risks, timelines, and financing?

 Okay thank you. Just sent you a DM!

Hi BP! ,

I have a land deal under contract in Macon, GA, but I'm unsure if it's worth keeping. Looking for your insights on its potential and if it's worth wholesaling.

Property Details:

• 4 Vacant Lots
• Location: Macon, GA
• Seller Financing Available (See terms below)

Deal Terms:

• Total Purchase Price: $18,000
• Down Payment: $2,160 ($500 earnest money)
• Monthly Payment: $500
• Term Length: 16 months
• Interest Rate: 5%
• Balloon Payment: $8,675
• Closing Costs: Buyer to pay all closing costs

Additional Info:

• ALL LOTS have water and sewer available
• Zoned for SFH
• No surveys or soil tests available.
• All lots except Mogul Rd recently had homes on them (now demolished, no foundation)

Hello BP!,

I'm a wholesaler looking to connect with anyone actively buying land - whether it's for building, development, or just general investment.

Curious to hear where you're seeing the most action and what types of land/projects are of interest.

Let's connect!

Hey guys,

Looking for input on a retail deal I'm helping a friend with. It's a 3/2 , 1,680sqft house in Braselton with a finished basement (2 bedrooms, den) and a recently converted garage. Updates include new upstairs flooring, kitchen counters/sink, bathroom vanities/toilets, and fresh paint. Sits on a 0.44 acre lot. They have a HELOC of ~$60k

Numbers:

• Comps suggest ~$199.5/sqft (max 2,020 sqft)
• Estimated ARV: $335k (based on comps)
• Potential rent: $1,975-$2,000/month

Question: Do these numbers seem reasonable for the Braselton market?

Details:

• Address: 4149 Long Dr, Braselton, GA 30517
• More details on the property available upon request.