Guidance for a New Builder in DFW

[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?

[Bryant Brislin]

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.

[Jacob Sherman]

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

[Xenaria Jackson]

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?

[Bruce Lynn]

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

[Lissa Dear]

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.

[Preston Dean]

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

[Balakishan Chenna]

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