Contractor · Knoxville tn · Member since 2024 · 2 posts · 0 votes
Im a GC/Builder in TN.
We have been doing high end remodels for 10+ years and have started building last year.
I currently have 2 buildable lots in the Fairfield Glades TN community.
We built a house in that community last year that sold before we finished.
Looking to duplicate last build on one lot (2,200sqft 3bed/2.5bath ), and a smaller home (1500sqft 3 bed 2 bath) on the other lot. We can build them for $200/sqft including my GC fee. Last one sold for $257/sqft. I am confident we can get $275/sqft min based on recent comps. We own the land already.
If we build both homes at the same time I can get better lumber and labor pricing.
To build both homes: 3700sqft
Investment:$740k
Build time:5-7months
I am looking for either: 1. $740k loan @ 15% APR with loan +interest due at closing.
Or
2. $740k investment, investor collects 40% profit after closing cost.
Both properties will be collateral.
Both scenarios net investor minimum of $80k profit.
Any interested parties?
I can send pictures of previous home built and some of the work we have done.
We have been doing high end remodels for 10+ years and have started building last year.
I currently have 2 buildable lots in the Fairfield Glades TN community.
We built a house in that community last year that sold before we finished.
Looking to duplicate last build on one lot (2,200sqft 3bed/2.5bath ), and a smaller home (1500sqft 3 bed 2 bath) on the other lot. We can build them for $200/sqft including my GC fee. Last one sold for $257/sqft. I am confident we can get $275/sqft min based on recent comps. We own the land already.
If we build both homes at the same time I can get better lumber and labor pricing.
To build both homes: 3700sqft
Investment:$740k
Build time:5-7months
I am looking for either: 1. $740k loan @ 15% APR with loan +interest due at closing.
Or
2. $740k investment, investor collects 40% profit after closing cost.
Both properties will be collateral.
Both scenarios net investor minimum of $80k profit.
Any interested parties?
I can send pictures of previous home built and some of the work we have done.
sounds interesting I am a Nationwide Direct Lender
and we have a program for ground up. Happy to take a look at this deal for you
We have been doing high end remodels for 10+ years and have started building last year.
I currently have 2 buildable lots in the Fairfield Glades TN community.
We built a house in that community last year that sold before we finished.
Looking to duplicate last build on one lot (2,200sqft 3bed/2.5bath ), and a smaller home (1500sqft 3 bed 2 bath) on the other lot. We can build them for $200/sqft including my GC fee. Last one sold for $257/sqft. I am confident we can get $275/sqft min based on recent comps. We own the land already.
If we build both homes at the same time I can get better lumber and labor pricing.
To build both homes: 3700sqft
Investment:$740k
Build time:5-7months
I am looking for either: 1. $740k loan @ 15% APR with loan +interest due at closing.
Or
2. $740k investment, investor collects 40% profit after closing cost.
Both properties will be collateral.
Both scenarios net investor minimum of $80k profit.
Any interested parties?
I can send pictures of previous home built and some of the work we have done.
Would love to connect and take a look at your options