All Forum Posts by: Philip Jackson
Philip Jackson has started 0 posts and replied 16 times.
Post: My New Construction Journal From Start To Finish

- Posts 16
- Votes 2
Quote from @Philip Jackson:
Quote from @Bruce Woodruff:
Quote from @Philip Jackson:
How do I get started in new construction as a beginner
Don;t start in new construction....specially not on this level. You will get your butt handed to you. Start small and easy and work your way up. Do you have any hands-on construction experience?
@Bruce Woodruff I would like to do a much smaller single family townhouse for starters and than work my way up over the years . Any advice would be greatly appreciated
Post: My New Construction Journal From Start To Finish

- Posts 16
- Votes 2
Quote from @Bruce Woodruff:
Quote from @Philip Jackson:
How do I get started in new construction as a beginner
Don;t start in new construction....specially not on this level. You will get your butt handed to you. Start small and easy and work your way up. Do you have any hands-on construction experience?
Post: 9 unit new construction in Philadelphia

- Posts 16
- Votes 2
Quote from @Troy Sheets:
Quote from @Eric Greenberg:
Congrats Troy! Thanks for the details on this project. How many lots did you utilize for the 9unit and what was the original zoning?Thats a shame on the building between the units and wild the 9-unit is only $6400 without the abatement!
The 9 unit was only two lots. The lot in between would have gotten me enough square footage to utilize the green roof bonus which would have gotten me 3 additional lots on top of the 4 by right the lot allowed. As far as taxes, I suspect it will be much higher at some later date, as of now the appraised value for tax purposes is only at $1m or so. I'm not complaining and it doesn't make a difference for the next 10 years, so they can appraise it at where they like, for now!
@Troy Sheets how do I get started in new construction as a beginner
Post: My New Construction Journal From Start To Finish

- Posts 16
- Votes 2
How do I get started in new construction as a beginner
Post: My New Construction Journal From Start To Finish

- Posts 16
- Votes 2
Quote from @Douglas Gratz:
Quote from @Bruce Woodruff:
Wait...what happened to your original deal where she was just gonna pay you to build a house for her? Wouldn't the profit on the project have been enough to make the loan payments? I must be missing something......
I wish you all the luck in the world, Douglas, but you sure do get yourself into some fixes, don't ya?
Yeah, what I was saying when she was paying for all the changes, she may just be in the architect directly, paying for the kitchens directly etc I talked to a few builders I know supply houses sometimes front of lllstuff they can on credit and add a percent, and then I only need to raise so much less
@douglas Gratz how’s the project going
@Douglas Gratzundefined
Post: New Ground up Construction Loan Lender

- Posts 16
- Votes 2
Quote from @Ravi Karuturi:
Thank you all for your suggestions. I was able to find a lender who was willing to lend based on credit profile and up to 80% LTV even though i dont have experience. I am thinking of giving all the work to GC so the lender asked that i got with some approved GC so he feels comfortable work will be done correctly.
I’m currently looking for a lender for new construction for beginners if you could help