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Updated almost 7 years ago on . Most recent reply

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Jeremy Hicks
  • Technology
  • Houston, TX
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New home construction in Houston

Jeremy Hicks
  • Technology
  • Houston, TX
Posted

I am looking for general contractors or PM for a new build in Houston. How can i find one that will work with investors?

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Andrew Taylor
  • Contractor
  • Magnolia, TX
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Andrew Taylor
  • Contractor
  • Magnolia, TX
Replied

@Jeremy Hicks Define "work with investors." That's going to be the catch, I suspect. Builders won't give you a deal because you're an investor; to them you're simply another customer - likely one who's more concerned about price than anything else.

You might be able to work out a deal where the builder shares in the profits at sale in exchange for a lower margin on the construction, or some other funky profit-sharing arrangement, but I wouldn't lead with that offer unless it's an especially juicy deal.

I'd start by hiring a guy you feel comfortable with and then building a relationship. Show him you're reasonable, trustworthy, and interested in building a mutually profitable partnership, and you'll have a valuable team member that can help you in lots of ways beyond just building new houses.

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