All Forum Posts by: Nick O.

I have a lot of buyers who love my house designs. Trying to come up with some other options to lock them in upfront and reduce my risk. Was thinking this strategy may work Step 1. Tie up a house that fits criteria 2. Come up with the design and plans 3. Have my GC put together an estimate 4. Get an after repair appraisal 5. Sell the house to my end buyer who gets a renovation loan and make some money on the front end 6. Collect the rest of my profit either from the GC as the designer or as a separate line item on the bid.

My biggest concern is if I usually clear $80k-$100k per house how to fit that into the equation without causing red flags for the bank. Also would want to make sure I get paid and if something happens to the GC I'm protected. Any ideas would be greatly appreciated. 

May be a whole separate topic but any other ideas on how to structure the deal with them getting a rehab or construction loan so it's less risk on my end but I still basically quarterback the deal so they get the end product they want? My thoughts are tying up a house, doing the design/plans, getting a after repair appraisal, selling them the house and making some money on the front end then build in the remaining of my profit as the design firm? Not sure if the bank would go for that or if it would make more sense to have my GC pay my company since he would have the license the bank requires. Any ideas would be helpful. Thanks.

I have 2 buyers who liked a remodel I already have under contract. They basically want me to find another house, do the same style/finishes and sell to them once complete. Anyone have any experience doing this and if so how would you suggest best way to structure deal, clauses, down payment, etc. Any help would be much appreciated!