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Updated over 8 years ago on . Most recent reply

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Viante Fruit
  • Cleveland, OH
1
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20 year old Entrepreneur. Who should I approach for Financing?

Viante Fruit
  • Cleveland, OH
Posted
I've contracted with an architect to design the prefabricated/modular high rise, and will have it overlooked by a team of civil engineers. My next steps would be to submit the proposals to city officials/zoning. I've ran the numbers at a potential (12 - 18% Cap Rate). Due to my age and lack of a 30% down payment, bank loans are a no. Along with my financing question, could someone give me the simplified steps of the development process for a multi-unit building all the way from conceptual design to groundbreaking? Thank you, Viante Fruit

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113
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Colton Cook
  • Contractor
  • College Station, TX
38
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113
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Colton Cook
  • Contractor
  • College Station, TX
Replied

Viante Fruit ,

So the first thing I would do is over prepare for building this thing. Document everything. Make an item by item estimate and know roughly to the dollar how much everything will cost.

What you don't have in capital, make up for it in leg work. If everything pans out, you should be able to find a private investor. Start connecting on here for sure! Way to go man! Good goals

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