Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Kyle Kurt Gabriel Smith

Kyle Kurt Gabriel Smith has started 2 posts and replied 10 times.

Quote from @Scoop Schneider:

im interested in starting new construction could be a win win situation how much do you need

10M in 48hrs... 🤣🤣🤣 I'm just kidding!!! But let's definitely talk soon about the many opportunities... Thanks!
Quote from @Sasha Mohammed:

yes 100% financing is likely not going to happen. i say likely because I'm sure there is someone out there somewhere who would willing to take this on, but certainly not going to be an easy find. 

ground-up construction is more challenging as well, as you will need to evidence your experience w/ previous ground-up construction deals where you are on title. this is how lenders feel warm and fuzzy about lending you so far above and beyond the existing land value before anything is built on it. 

Fix and flip and ground-up lending, though, WILL give you acquisition money PLUS rehab/ build money! as an example, lets say a lender gave you an 80% loan to buy the land PLUS 100% of the cost to build the property on it in the form of draws... theoretically you'd be walking away with MORE than 100% financing. its just done in a round about way, and you would still need to bring in some "skin" as @Brandon Croucier mentioned. 

*disclaimer* i'm not saying you could get those specific terms, its purely for example purposes.


 Thanks Sasha! And thanks for being kind! 👍

I forgot to add... always remember the saying "Location, Location, Location..." . From what I understand a very good deal in a great location could multiply your returns compared to a less desirable location... just my opinion... 

Best Wishes to you!

Welcome to BP Cam!!! I'm a newbie myself to the community, but not to real estate! The most profitable area of real estate in my opinion is new construction... that way you can literally build sweat equity... at least that is what I am focusing on! However I believe that each area of real estate appeals differently to the different personality types. I guess you just gotta try to find your calling and what may appeal to you! I am sure you will be successful and truly wish you the best of luck!!!


Quote from @Henry Clark:

Sure, you have had this discussion with your realtor already.  Looks like you have changed the price about 4 times in 6 months, up and down.   Your "in between" on your pricing and your square footage.  Looks like a mixture of $1mm to $1.2mm versus $600k to $800k homes in the area.  Your sqft is at the bottom end of the $1mm houses, plus they have either an extra BR/BA or both.  

Yours is a very nice-looking house and property, just has competition in your market.  There is no compelling story for someone to buy.  Really about timing from your standpoint, when you want to sell and when do you want to start your next project.

Thanks again for your reply, Henry!

My home is one of the lowest priced homes directly off of 30A with a private pool. Here are the other choices in this range: 
https://www.zillow.com/homedetails/162-Ash-St-Santa-Rosa-Bea...
https://www.zillow.com/homedetails/49-Debbie-Ln-Santa-Rosa-B...
https://www.zillow.com/homedetails/70-Pointe-Cir-Santa-Rosa-...
https://www.zillow.com/homedetails/429-Montigo-Ave-Santa-Rosa-Beach-FL-32459/67187461_zpid/?utm_campaign=androidappmessage&utm_medium=referral&utm_source=txtshare

and here is mine again: https://www.zillow.com/homedetails/242-Blue-Gulf-Dr-Santa-Ro...

I had an appraisal for 1.45M back in 2022, before we put the pool in... obviously the market has adjusted since then... 

Thanks again!!!

Quote from @Henry Clark:

Change the Description on your listing it's not very inviting.  Get rid of all the technical Math discussion on the house, I don't care about Fibonacci or the Coefficient of Expansion if that was included.  Talk about how good the schools are, how close to the beaches or other attractions, Size/type of kitchen, ease of maintenance of swimming pool if in place or jet powered swim lane, Covered parking if so, etc.  The site timed me out and I would have to sign up with the Realty company.  I would get rid of that.  Makes it easy for the Realtors, but stopped me from viewing the house more online.  Basically have someone else look at your listing and make suggestions. 

Welcome to BP.  No one is "right" on here.  But you get to glean differences in approaches and views.

Thanks for your perspective Henry! I had previously listed it with another realtor and did not have any of the mathematical details in the listing. However, my current realtor and I decided that it may be a good idea to include, what are in my opinion, fascinating details that elude to the truth of the fact that we all live in a mathematical universe! Mathematics is the language of the physical universe, and is the foundation upon which all of science, engineering, and architecture stands upon, as well as everything else.

I have worked on some ideas of mathematical architecture, which in my opinion gives Nobel context and the science behind the art. We were curious to see how people might respond to such an idea... I'm sure it is not for everyone!!!

Sometimes I will see in a real estate listing how the house was designed by a renound architect, which is great! We were curious to see how people responded to a house being designed by a renound mathematician... I never really considered my self as such a thing, but my realtor agreed with the statement... I suppose the mathematical formulation of an approximate quantum dynamics algorithm for the simulation of large scale molecular systems, which has been used and cited by people all over the world, including a research group at Cambridge may fit the definition of renound... 

In any case, I usually do not talk much about my scientific work... I got really burnt out from all of it a while back... Thankfully we were able to transition to running a paddle board rental company and doing construction work, which was a great change compared to being trapped at a desk all day solving very difficult scientific and engineering problems! I do however still work on quantum theory as a hobby every once and a while... I even got a little support from a professor at MIT, who gave me much needed scientific journal access for a few years to pursue my hobby!

The way I understand the world is that everything is applied mathematics and physics... But maybe I have been conditioned to believe this... 🤣

Thanks again, and I totally understand and respect your perspective! I thought the same but decided this go around to try something different to see if I could get a different result! We shall see... I probably just need a little more patience...!!!

Here is a better link for the house... https://www.zillow.com/homedetails/242-Blue-Gulf-Dr-Santa-Rosa-Beach-FL-32459/306955466_zpid/ ... If I could build more and keep this one, then that would probably be ideal... However to be able to build more by myself I will probably have to sell to self fund... That's been the dilemma for me at least...
Quote from @Alan F.:
Quote from @Kyle Kurt Gabriel Smith:

Hi BiggerPockets community!

I have a PhD in Theoretical Chemistry/Quantum Dynamics... https://pubs.aip.org/aip/jcp/article/142/24/244112/74387 ... and I literally designed and built my own house off of 30A in Florida ... https://www.scenicsir.com/homes/242-Blue-Gulf-Drive/Santa-Ro... .... I have been trying to sell it to build more, but that has been difficult due to the high interest rates freezing the market... I did finally get 2 showings the other day, and there is news of rate drops coming, so maybe it will sell soon. However, I have been trying to figure out possible creative financing options to build more without having to sell, but I cannot seem to find a lender willing to do 100% down on land and construction even though the LTV would be below 50% since I can basically build for costs of material plus minimal labor by doing almost all of it myself , with a little help here and there. I am in the process of getting my contractors license, and i could have it in a matter of months. This would probably help since the next one I build I could immediately put for sale and do a short term rental while it sells.

I have many years of construction experience and have also done a fix and flip, in addition to building ground up construction, as well as 10 years of entrepreneurial experience running a paddle board rental company... i have a BS in Physics from Georgia Tech , a PhD in Theoretical Chemistry from UT Austin, and did Postdoctoral research using Computational Engineering where I designed, manufactured, and tested a shock mitigating metamaterial...

I don't know if I need a partner, investor, or just more patience... which is why I have joined BiggerPockets and begun to look into the wealth of information!

I literally pass land everyday that could make a million or more just by building a house on it... I also pass land everyday that could make multiple millions just by building a small restaurant on it... 

I would be interested connecting with anyone who may be able to help me figure out if I need a partner, investor, or just more patience... 

Thanks!


 Welcome to the forum, typically a house isn't selling because of price. Maybe double check comps and make sure the marketing is performing well. Quality photos are important .

Yeah, building sciences aren't generally a major topic on this forum. I get a HERS rating & do other effeciency measures when possible.

Real estate meetups might be helpful, meetup dot com may be worth looking at. Best of luck in your endeavors

Thanks Alan! I bet you do a great job rehabbing! Best of luck to you as well!

Hi Bob! Thanks for your kind and respectful response and warm welcome to the BiggerPockets community!!! I suppose Building Science is not a subject of much discussion on this platform... Thanks!

Hi BiggerPockets community!

I have a PhD in Theoretical Chemistry/Quantum Dynamics... https://pubs.aip.org/aip/jcp/article/142/24/244112/74387 ... and I literally designed and built my own house off of 30A in Florida ... https://www.scenicsir.com/homes/242-Blue-Gulf-Drive/Santa-Ro... .... I have been trying to sell it to build more, but that has been difficult due to the high interest rates freezing the market... I did finally get 2 showings the other day, and there is news of rate drops coming, so maybe it will sell soon. However, I have been trying to figure out possible creative financing options to build more without having to sell, but I cannot seem to find a lender willing to do 100% down on land and construction even though the LTV would be below 50% since I can basically build for costs of material plus minimal labor by doing almost all of it myself , with a little help here and there. I am in the process of getting my contractors license, and i could have it in a matter of months. This would probably help since the next one I build I could immediately put for sale and do a short term rental while it sells.

I have many years of construction experience and have also done a fix and flip, in addition to building ground up construction, as well as 10 years of entrepreneurial experience running a paddle board rental company... i have a BS in Physics from Georgia Tech , a PhD in Theoretical Chemistry from UT Austin, and did Postdoctoral research using Computational Engineering where I designed, manufactured, and tested a shock mitigating metamaterial...

I don't know if I need a partner, investor, or just more patience... which is why I have joined BiggerPockets and begun to look into the wealth of information!

I literally pass land everyday that could make a million or more just by building a house on it... I also pass land everyday that could make multiple millions just by building a small restaurant on it... 

I would be interested connecting with anyone who may be able to help me figure out if I need a partner, investor, or just more patience... 

Thanks!

Dear BiggerPockets community,

I have a PhD in Theoretical Chemistry/Quantum Dynamics... https://pubs.aip.org/aip/jcp/article/142/24/244112/74387 ... and I literally designed and built my own house off of 30A in Florida ... https://www.scenicsir.com/homes/242-Blue-Gulf-Drive/Santa-Ro... .... I have been trying to sell it to build more, but that has been difficult due to the high interest rates freezing the market... I did finally get 2 showings the other day, and there is news of rate drops coming, so maybe it will sell soon. However, I have been trying to figure out possible creative financing options to build more without having to sell, but I cannot seem to find a lender willing to do 100% down on land and construction even though the LTV would be below 50% since I can basically build for costs of material plus minimal labor by doing almost all of it myself , with a little help here and there. I am in the process of getting my contractors license, and i could have it in a matter of months. This would probably help since the next one I build I could immediately put for sale and do a short term rental while it sells.

I have many years of construction experience and have also done a fix and flip, in addition to ground up construction, as well as 10 years of entrepreneurial experience running a paddle board rental company, and advancing science through developing theoretical methods for efficient large scale simulations...

I guess my problem is I can't seem to figure out how to find the money to do more projects, which is why I've been trying to sell my house. Maybe it will sell soon though... I have the mental and physical ability to build more, just not the finances...

 Hopefully one day my dreams will come true and i will figure the financing out, which is way more difficult than Quantum Physics in my opinion!!! At least it has been for me... 

I don't know if I need a partner, investor, or just more patience...

Any advice or help you may have is always appreciated!

Thanks!