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Updated over 1 year ago on . Most recent reply

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Nick Hummel
  • Investor
  • Asheville, NC
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Partnering with a contractor to be able to get funding for new construction?

Nick Hummel
  • Investor
  • Asheville, NC
Posted

I want to do a build to rent project but the only way to get funding is to partner with someone who has done more than 3 new builds. I've personally only done 1 so far and my partner has done 1 renovation project.

Has anyone partnered with a contractor before to be able to do this?

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Chris Seveney
  • Investor
  • Virginia
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Nick Hummel

I would partner with my ex wife and her family before ever partnering with a contractor.

There is an inherent conflict of interest there if their equity is tied to doing the work, they have no incentive to keep the price down.

  • Chris Seveney
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7e investments
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