Hey everyone, I'm Sean Nugent. I come from a tech background and have had the privilege of training with some of the top 3D Printing Construction machines in the United States.
In the upcoming months, I have a unique opportunity to present to potential investors in a $10 million seed round stage. They are requesting a more traditional pro-forma for a 15-20 single-family house subdivision and or multiples of them.
I'm currently lacking knowledge in several areas, including the costs of water, power hook-ups, grading, erosion planning, storm drains, sewer systems, and essentially every cost involved, from permits to blueprint estimations.
What I do bring to the table is something quite exceptional. Once the slab on grade is prepared for vertical construction, we have the means to create brand-new 3D printed concrete houses – 3 bedrooms, 2 bathrooms, approximately 1,400 sq ft, at just $100 per square foot. These houses can be ready for occupancy in as little as 90 days after the slab goes vertical, and I have the data and machine manufacturer support to substantiate this.
Our goal is to build for $150,000, with an additional aim of keeping site work, land costs, underground fees, soil samples, etc., within a $50,000 budget.
The plan is to finished homes for $200,000 total. We have identified potential land in Kings County and Snohomish County in Washington State, areas where the average 3-bedroom home exceeds $750,000.
My ambition is to build and sell these homes for $400,000, respectively. In these areas, there is a significant demand for 3-bedroom, 2-bathroom homes at this price point, with over 4 million people residing in the vicinity. Market research suggests that these homes could be pre-sold virtually overnight, and I see potential for this approach in multiple other areas as well, though I wish to commence here or in the Boston area.
After engaging with experts in the field, we are considering either a straightforward investor deal or potentially initiating a 3D Printing Construction Fund. Regardless of the approach, the return on investment exceeds 50% within 14-18 months.
I have a dedicated team, but I need individuals to help me assemble well-founded development estimates. The viability of this method hinges on the cost of land and expenses incurred prior to vertical construction.
Are there any recommendations for the next steps in realizing this vision? Do you have questions I can address? Is anyone interested in joining my team? Or perhaps, there's someone out there who excels in spreadsheet work and can effortlessly crunch the numbers? I'm more than willing to send bottles of wine, whiskey, or gift cards to show my appreciation for any assistance.
Im currently in the NY metro area and will travel to meet anyone who wants to see how serious I am about this project.
I understand that real estate always starts with the "DEAL." Well, I have that deal; I'm just looking for guidance on translating the development aspects into a comprehensive plan, spreadsheet, and investment deck.
Your support is greatly appreciated.
Best regards,
Sean Nugent
