Guidance for a New Builder in DFW

Fort Worth, Texas
Land & New Construction
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Guidance for a New Builder in DFW

Lissa Dear
Rental Property Investor · Fort Worth, TX · Member since 2015 · 38 posts · 11 votes

Hi everyone,

I recently finished up a builder mentorship program in Dallas, TX where we built a home (1500 sqft 3bd 2.5ba) from the ground up. I'm currently working on another project in Terell, TX. 

I want to complete more projects, and I have access to subcontractors, lenders, architects, realtors, etc. The whole team basically.

I also have the time to dedicate to projects, but I do not have enough capital at the moment to purchase my own lot. 

Can any builders/developers share their experience getting started or which route is best to take in the current market?

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Bryant Brislin
Title Representative · Irvine, CA · Member since 2017 · 874 posts · 519 votes
2y

You just need to network locally. There is a lot of money in DFW and there are a lot of real estate meetup there, aka REA's, REI meetups. I would consistently go to those and meet investors. Or hang out at places where people with money go, i.e. nice hotel bars, nice restaurants, country clubs, etc.

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  • Bryant Brislin
    Title Representative · Irvine, CA · Member since 2017 · 874 posts · 519 votes
    2y

    You just need to network locally. There is a lot of money in DFW and there are a lot of real estate meetup there, aka REA's, REI meetups. I would consistently go to those and meet investors. Or hang out at places where people with money go, i.e. nice hotel bars, nice restaurants, country clubs, etc.

    4Reply
  • Jacob Sherman
    12 Penns Trail Suite 138 Newtown, PA 18940 · Member since 2023 · 1k+ posts · 319 votes
    2y

    you can do a hard money style loan where its 50% down on the land and lender provides 100% of construction 

    2Reply
  • Xenaria Jackson
    Member since 2024 · 1 post · 1 vote
    2y
    Quote from @Lissa Dear:

    Hi everyone,

    I recently finished up a builder mentorship program in Dallas, TX where we built a home (1500 sqft 3bd 2.5ba) from the ground up. I'm currently working on another project in Terell, TX. 

    I want to complete more projects, and I have access to subcontractors, lenders, architects, realtors, etc. The whole team basically.

    I also have the time to dedicate to projects, but I do not have enough capital at the moment to purchase my own lot. 

    Can any builders/developers share their experience getting started or which route is best to take in the current market?


    I have been trying to find a good program to join I also live in Dallas and looking to get involved! Would you mind pointing me in the right direction?

    1Reply
  • Bruce Lynn
    Real Estate Broker · Coppell, TX · Member since 2011 · 5k+ posts · 4k+ votes
    2y

    How about Pace Morby's Gator program?   Will they fund those kinds of deals?

    0Reply
  • Lissa Dear
    OP
    Rental Property Investor · Fort Worth, TX · Member since 2015 · 38 posts · 11 votes
    2y
    Quote from @Bruce Lynn:

    How about Pace Morby's Gator program?   Will they fund those kinds of deals?

    I’m not familiar with the program. After a quick search though, it looks like you would partner with a wholesaler and bring the earnest money that ties up the deal until they found an end buyer. That wouldn’t work for me.
    0Reply
  • Preston DeanBusiness Member
    Realtor · Fort Worth, TX · Member since 2021 · 779 posts · 368 votes
    2y
    Quote from @Lissa Dear:

    Hi everyone,

    I recently finished up a builder mentorship program in Dallas, TX where we built a home (1500 sqft 3bd 2.5ba) from the ground up. I'm currently working on another project in Terell, TX. 

    I want to complete more projects, and I have access to subcontractors, lenders, architects, realtors, etc. The whole team basically.

    I also have the time to dedicate to projects, but I do not have enough capital at the moment to purchase my own lot. 

    Can any builders/developers share their experience getting started or which route is best to take in the curre@

    Hi @Lissa Dear

    I am a realtor here in the FW area. Do you want me to get you in contact with our HML lender?

    I believe they do 100% LTC & 75% ARV. Not entirely sure about new construction

    [email protected]817-480-9452
    United Real Estate DFW Properties 564 Reviews
    WebsiteView Page
    0Reply
  • Balakishan Chenna
    Real Estate Agent · Dallas-Fortworth · Member since 2019 · 31 posts · 6 votes
    2y
    Quote from @Lissa Dear:

    Hi everyone,

    I recently finished up a builder mentorship program in Dallas, TX where we built a home (1500 sqft 3bd 2.5ba) from the ground up. I'm currently working on another project in Terell, TX. 

    I want to complete more projects, and I have access to subcontractors, lenders, architects, realtors, etc. The whole team basically.

    I also have the time to dedicate to projects, but I do not have enough capital at the moment to purchase my own lot. 

    Can any builders/developers share their experience getting started or which route is best to take in the current market?


     Hi Lissa,

    I am investor and REaltor. I have group of clients who are investors. lets please discuss sometime about your experiences / plans on new builds. If the numbers work out we can partner.

    you can reach me out at 205-240-1408

    0Reply
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