How to scale up my development business?

[Patrick Philip]

I've been building single family homes for a couple of years now. I now have lenders that are willing to lend to me. I plan to finish 10 houses within the next year. I am reaching the point where I can no longer manage it myself. How do I scale this up so that I can just be the money man and have hopefully someone else do all the work? Every time I've contacted a GC, they want such a large amount of money that I can't do it realistically. They are asking for what amounts to almost half of my profits for their management fee.

[Vadim Babets]

Quote from @Patrick Philip:

I've been building single family homes for a couple of years now. I now have lenders that are willing to lend to me. I plan to finish 10 houses within the next year. I am reaching the point where I can no longer manage it myself. How do I scale this up so that I can just be the money man and have hopefully someone else do all the work? Every time I've contacted a GC, they want such a large amount of money that I can't do it realistically. They are asking for what amounts to almost half of my profits for their management fee.

I’m building 8 units at 3 locations this year, manage all myself but to grow I’m thinking to still be heavily/high level involved but hire a project manager on salary to do day to day tasks.