All Forum Posts by: Jose Leal
Jose Leal has started 3 posts and replied 8 times.
Post: Funding as a new builder?
- Developer
- Houston, TX
- Posts 10
- Votes 1
Thank you for the insight!
Post: Price per sq ft for new construction?
- Developer
- Houston, TX
- Posts 10
- Votes 1
Hey @Jaycee Greene,
The duplexes ideally would be in the range of 2600-2800 sqft. Current market comps in the area for a project of that size has a sales price of $525,000.
Post: Funding as a new builder?
- Developer
- Houston, TX
- Posts 10
- Votes 1
@Mike Grudzien thank you for the advice!
Post: Transitioning from a spec home builder to independent GC
- Developer
- Houston, TX
- Posts 10
- Votes 1
Thank you for the response and the insight @Chris Seveney! Primarily in the Houston Area
Post: Transitioning from a spec home builder to independent GC
- Developer
- Houston, TX
- Posts 10
- Votes 1
Hi everyone,
Currently working as a construction manager in Texas, always had ambitions of owning my own business. Has anyone transitioned from a construction manager role with a large company to developing real estate on their own.
What has that experience been like?
Post: Funding as a new builder?
- Developer
- Houston, TX
- Posts 10
- Votes 1
Hi everyone,
I am currently working as a construction manager with a spec home builder in Texas. Ive been asked numerous times by folks if I could act as their GC for build-to-rent/build-to-sell properties.
- How would this work from a lending perspective?
- Would we be able to get funding just based on my resume?
- If a partner needed to be brought in, how many JV projects would I need to be "involved" in to show a track record?
Any information would be welcomed!
Post: Price per sq ft for new construction?
- Developer
- Houston, TX
- Posts 10
- Votes 1
Hi everyone,
Looking to build a multiple duplexes on infill lots in the houston area. What can I expect for price per sqft for new construction?
Ive talked to a few folks currently building but ive heard ranges from $100-$125. My guess would be its a "you get what you pay for" situation.
Can anyone shed some light with recent experiences?
Post: Average cost per sqft to build
- Developer
- Houston, TX
- Posts 10
- Votes 1
Quote from @Chris Kersey:
I recently completed a duplex build in Acres Homes area of Houston with a builder friend for $101/ft. The wild thing is that this cost of $101/ft included his fee which equated to over $37k. The work was good enough but you definitely get what you pay for. I found a different builder for my upcoming projects that offers consulting services on a monthly basis. This is super cool because it lets me be more hands on and save costs while having an experienced builder helping plug in all the pieces.
The coolest part is BRRRR'ing new construction. If you run your numbers correctly, it is possible to build a duplex in cash, rent it out, and use a DSCR Loan to pull all of your money back out.
Hi Chris, how much should one budget for soft cost for a similar duplex build? Currently looking at land deals in sunnyside but need to run accurate rough cost to see if itll be worth it