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17 December 2024 | 16 replies
What I did find is that as a builder in eastern tennessee, I could build STR cabins for less than 70% LTV so that I could effectively BRRR my way into growth without coming out of pocket for a down payment.Now it does take a lot more cash to do because as a builder I have to front a lot of money at times (land, permits, each stage of construction while I'm waiting on the draw).
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9 December 2024 | 2 replies
3 homes scheduled to close this week:1) Tuesday - New Construction Home with GreatLeaf Capital2) Wednesday - My Great Grandmother's home in Waycross, GA (Photo below)3) Friday - New Construction Home built by my Siblings and ILet’s see if everything goes smoothly.What do you think?
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13 December 2024 | 24 replies
Annually, I manage multimillion dollar construction projects and operations of a large scale facility.
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11 December 2024 | 3 replies
I will also note that the RC zoning district allows for quite a few extra units so you would get the best use out of your land by building a quadplex or something like that.if you are interested in going forward though I work part time at NOLA builds in town and they do great work for construction at all levels.feel free to reach out if you have more questions
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2 December 2024 | 9 replies
If you need financing it is basically considered a construction bail out but it doable.
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8 December 2024 | 0 replies
With 4 years in container conversions, we're transforming shipping containers into modern, efficient tiny homes and small homes.Currently working on a small, 10 home, senior housing development.Expertise: Container home design, sustainable building, alternative housing.Looking to: Connect with investors interested in container homes, share knowledge about factory construction, and learn from the BP community.Feel free to reach out if you're interested in container homes or factory building practices!"
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11 December 2024 | 7 replies
In order to get a line you would need 2 years of operations, and have an operating company - like a property manager or a construction company.
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8 December 2024 | 1 reply
If the borrower is seeking a construction loan, I would say loan administration is of utmost importance.
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7 December 2024 | 1 reply
Is there a housing shortage or is there really a problem with the BARRIERS caused by productivity, land use, zoning and mandates that limits construction?
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14 December 2024 | 15 replies
Hi Silas.Do you plan to have a GC or handyman run the construction project?