How would I present this deal/opportunity…

Question

I was wondering what is it called to and/or is this a thing. I know a person with alloys of land. I wanted to introduce to them an investment opportunity that would provide them the ability to use tax strategies and also gain passive income while building wealth and growing their legacy. Now I’ve never done a construction deal but.. I’d handle and manage the whole construction and development for them and once the property is sold I’d get a percentage. Or if they are holding the real estate I’d get a developer or subcontracting fees or whatever.

Brett Deas · Answer

You have never done a construction deal? Then why would should you be the one managing ALL the construction?

Scott Mac · Answer

How knowledgeable are you about lien releases?Workman's comp?Fit and finish?Can you read blueprints?Do you know about the different finishes applied to gypsum board?Ever attended a cement foundation pour at 4:30 am in the summer--why so early?Do you know when you should get a slump test--and why?What is dimensional lumber?What grade of lumber must be used on an 8 foot exterior wall--per code?What is a stud, how is it different than a sofit?Must you schedule water trucks at the site to keep dust down--did you know that some places require this?What order should construction commence in?Should you use plywood or OSB on your roof?What is Hardieboard, and is it a good alternative to say, for instance stucco?Will you need chimneys--why--why not?Do you have a construction trailer/office for the job site--what needs to be in that trailer--who will be in that trailer?With zero experience, you can probably do it if you keep at it, BUT coming in on budget and on time is HARD for even experienced developers...Maybe team with someone with more (successful) experience on this one, and learn on the job for the next big project.TIP: If you are going to work with blueprints, having a blueprint table helps a lot, the top should fit your blueprint size.Good Luck!

Porsha Thompson · Answer

I have a builder with a team . I already have all 6 streets of blue prints . I was subbing everything just basically putting the deal together and managing the whole process