All Forum Posts by: Marcus Ware

Thanks Karen@Karen Margrave The more info the better!!! I'll actually be starting out with buildable lots in the beginning. Great insight about knowing and researching the areas that you plan on working in. Thanks again

@Greg Palmer 

@Keith Bloemendaal 

When building your SF houses do you use a cookie cutter approach and build the same style house for each build to keep costs down and to keep construction more streamlined or do you have an architect draw up a different set of plans for each property that you build. Thanks

Thanks guys, appreciate the advice and insight.

Hello BP, I've been a residential general contractor for 12 years. I specialized in renovating distressed properties in urban areas. I've decided to become less hands on(hang up my tools) and devote most of my time to the development side of real estate construction. Because of my experience I'm pretty comfortable with this transition. I want to build SF's but want to keep it simple at first and purchase land that has been already approved for building, does this sound like a good idea? Since I'll be looking in areas that I'm not familiar with how do I find out if these areas are ripe for building? As a GC I figured I would just sub out all phases of construction just Iike I would on a renovation, does this make sense when building? or should I setup a more formal bidding process? If I follow zoning guidelines when submitting permits is the process for getting approved to build pretty straight forward? Thanks for any and all input  

If I'm understanding you correctly based on the concept of using other peoples money wouldn't you rather not touch your heloc and just use the 203k to fund the project?@Will Bert  

Definitely by spring@Antonio Coleman  Using the 1 website definitely makes sense. Thanks for the input.

@Elliot Grochal I don't come into the city but if your ever doing any projects in Northern, NJ give me a call.

Hello BP, I currently have a general contracting company and for the new year finally transitioned into my development company. Not sure if I should have 2 different websites, one for the contracting company and one for the development company? I plan on focusing majority of my time on the development side of the business but still want to be able to promote the contracting company on a smaller scale. Just looking for ways to incorporate both businesses the best way as possible. All input is appreciated. Thanks

Great points@Todd Heitner Even though I think I can do a decent job doing it myself it definitely won't be the best use of my time. Thanks

Great thread guys!!! Besides family and friends what is usually the best way to find Capital Partners? Great point about partners backing out at the last minute @Derek Carroll . @Scott Sutherland Once relationships are established I understand how your existing investors can pick up the slack of an investor backing out of a deal but if I'm doing a smaller deal lets say me and 2 other investors, how can I contractually make sure my investors don't back out of the deal at the last minute.  Thanks