All Forum Posts by: Edward Lutsyk

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.