All Forum Posts by: Scott Blake

Recently approved development of single and multi family homes. Looking for investors for the horizontal phase of the infrastructure. Development is a split of multi and single family homes focused on more affordable homes for the area. The development will hold between 24 and 38 properties depending on final storm sewer location. We also have a high end development that may be of interest for investment ground up construction to either sell or hold for rentals. Willing to split generous profit margins on the properties. Serious inquires only. 

GC, developer, broker looking to partner on single family homes in a gated development. I have three homes I am currently clearing land or have foundations installed. Looking for a 50/50 split. I will bring a percentage of the funding along with all the work. I am not looking for lenders. I have lenders.  I am looking for a partner. Serious inquires. Please visit our website for more information. 

Sure. My contact is 704 906 8596. [email protected]     homesbreckenridge.com is the website.

I see you are hard money. I typically stay away from HM. It is too expensive. It depends on what the offer would be and terms. If you could give me a brief synopsis I can see if it is worth entertaining. I'm sure your time is valuable, and I don't want to waste it. 

Looking to JV with someone for both Multi Family and Single-Family units. I am a GC, Developer and real estate broker. I am ramping up builds in the Western NC mountains. A portion of the Single-family homes can be used for investment short term or long-term rentals. We have a lot of people relocating to the area. They need rentals while I build the homes. I have a couple rentals myself but most of my capital is used for the new construction of homes and future phase infrastructure. The multifamily development is new, and we are scheduling for the horizontal work for phase 1. It will be a mix of multi and single. Information available for serious principals. Feel free to check out our website.

Looking to JV on a new development in the Western NC mountains. Approximately 43 mid luxury homes. Project requires land development and buildout. Information available for serious inquires. I come to the table with design, buildout, sales and percentage of capital required.

When you do your own development its important to set your comps. You are in control of your homes to build value. I built it, did a DRSC loan for 70 percent of the appraised value. Its a refi in the companies name. The home is used as a model which will help with sales. I do short term rentals to cover the cost and profit if you are in the right area. The percentage that you take out will help you debt service or pay back investors that you have in the deal. I do a construction loan for the builds and then have some of my own cash in all the homes I build. 

I am looking into a JV or other options of interest for a new multifamily development I am going to do. I am currently platting the units. I am hoping to get between 120 and 150 units. My plan is to hold 10 percent for rentals both long and short. The short-term rentals will be for clients moving here that need a place to live while I build their home in other developments. The rest will be sold for profit.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $1,220,000
Cash invested: $650,000

The property listed is my model home in my development. I only do ground up new construction. I currently have a little over 6 million in active homes being sold. I am getting ready to do a large multi family development.

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

I have been a builder and developer for 30 years. This development is in a gated community nestled in the mountains of Western NC. I needed a model home to promote the homes I build, and it gives people a chance to see the finishes in the homes I have listed for sale during the construction process.

How did you finance this deal?

Construction loan and cash injection.

How did you add value to the deal?

I built it. It appraised at 1.22 million.

Lessons learned? Challenges?

I have been a builder for 30 years. I have built 100s of homes.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am a licensed broker, so I list my own properties. This allows me some leverage in case of market downturn and having to fire sale properties and still obtain profit.