All Forum Posts by: James Disney

 David, my previous experience with investors has focused on one of two areas.

1) Some investors have asked me to build them a turn-key new construction they plan to keep as a rental.

2) Other investors have asked me to build them a turn-key new construction that the investor plans to sell.

Both scenarios are fine with me.  I'm also interested in other ways of working with investors.  As long as it's a win/win for all parties, then I'm interested.

 James - I live just north of Nashville, but I'm in BG area a few days every week. The next couple of weeks are crazy.  (Daughter is getting married!) Would love to grab lunch end of Aug or early Sept.

Thanks for offering the CMA, but I've got all my comps. As you know, the $325K - $450K market in the area is a funky market. Smaller homes and larger homes are both moving much faster than the mid-size homes.

Looking forward to meeting and grabbing lunch.

@John Oks - I live 15 mins north of N'ville. Building lots are difficult to find in this area. I developed a small 25 lot development several years ago in southern Kentucky. 

My niche is building smaller 1200-1400 sq ft starter homes. These homes seem to be the least impacted by rate fluctuation. Higher rates push people down into these homes while we still get people transitioning out of rent.

Franklin, Ky is about 30 mins north of N'ville and just 2 miles over the state line. There are possibilities there of a small 8-10 lot development.  (The zoning will actually allow for a couple duplexes.)

Let's connect.

I'm a GC/new home builder in South Central Ky and new to BP.  I have built 90 - 100 new homes.

My main business strategy has been to build 1200 - 2400 sq ft new SFR as specs. (Sq Footage is determined by deed restrictions.) I am sitting on some 1850 sq ft new turnkey houses in BG, Ky. Homes are priced between $340,900 & $347K and located in a new Sub Div.

I need to move one house so I can begin the next project. So, here's my question.

1.  Should I lower the price by $5-6k and sell them the traditional route, or ...

2. Sell the house to investor/investment company looking for a new turnkey SFR?

Note - A few homes in the subdivision are rentals. HOA does not prevent rentals.

I am interested in building a relationship with an investment company or individual investors looking for new construction rentals and thought this house could be a bridge to new relationships.

Thoughts?  Who are the investors looking for new construction?

Investment Info:

Single-family residence other investment.

1850 sq foot SFR built for investor. This home is 3/2 with hardy exterior, barrel brick ceiling entryway, spacious floorplan, vaulted living room, vaulted main bedroom, walk-in tile shower, and granite throughout

What made you interested in investing in this type of deal?

This home was built for an investor and next to a personal build I kept for myself.

How did you finance this deal?

Investor financed

How did you add value to the deal?

Barrel brick ceiling.

Investment Info:

Single-family residence other investment in Clarksville.

Sale price: $236,000

1215 sq ft SFR new construction. Built and sold.

Hardy exterior, granite throughout, double arches, vaulted LR and vaulted main bedroom.

What made you interested in investing in this type of deal?

I am passionate about constructing affordable single family residences.

How did you find this deal and how did you negotiate it?

New construction

How did you finance this deal?

Bank financing