Starting a Luxury Home Building Business

[Jhirae Talmadge]

I’m interested in starting a Custom Building and Luxury Remodeling Company. I’m new to investing but I’m willing to start flipping first with smaller projects to educate myself more. I live in the Philly area so I know that there are certain laws specific to each regions for license requirements to start a building business. I don’t have a construction background, my plan is to partner or hire a construction team and I would focus more on the designing and business management. My plan is to purchase my own properties/land, build or restore and resell and then offer my services to other investors or property owners.

I know my next steps should be forming the business and choosing the legal entity. Getting my insurance in place etc,. But I’m not sure where to begin after that... I just started my research so I’m not sure where to go or who to talk to to find out more information. 

[Jay Hinrichs]

best way to do this is go work for someone who needs an employee and learn the business from the ground up trying to learn this on the internet is a 99% failure rate.. 

plus your talking about a very capital intense business.  with a lot of competition..