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4 Replies Last post: Mar 11, 2009 1:22 PM by dholding

Investor/Funding Advice

Jan 12, 2009 2:44 PM

Click to view mrbuilder's profile Professional mrbuilder 2 posts since
Jan 12, 2009
Hello, I am looking for advice on how I might finance a construction project. I a general contractor, and own a small construction company in the Seattle/Tacoma area. I would like to purchase small "fixer" homes that are under valued and need some TLC. I would like to turn these homes into rentals, or affordable starter homes for small families (2-3 bedrooms homes). The neighborhood I am looking at (I personally live in) is close to a University, Air force base, and Army post. So I think the potential for rentals is good. Also, the neighborhood is considered "low end" and most home are under $200,000. There are a lot of homes for sale (three on my street alone) and it seems like a good opportunity to invest into the community by creating nice homes that would attract buyer/renters back to the neighborhood. I am an experienced builder, and personally posses many trade skills. I need help though finding the money to get a project like this going. I am exploring my options and would appreciate any advice.

Thanks!
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,912 posts since
Aug 6, 2007
1. Re: Investor/Funding Advice Jan 12, 2009 3:39 PM
Investor / Funding Advice, Welcome

Advice is easy. How long have you been in business??
Do you have an Accountant?? A Lawyer??
If you are exploring your options to raise money, you need a Business and Marketing Plan.
Investors or lenders will not consider providing money to you unless you have a plan.

I can help, talk to me, LUCKIEST
Click to view mrbuilder's profile Professional mrbuilder 2 posts since
Jan 12, 2009
2. Re: Investor/Funding Advice Jan 12, 2009 6:32 PM
in response to: LUCKIEST
Thank you. I have been in Business for two years in March. I do not have an accountant or lawyer. Seems that my first step is to develop a business plan. What resources available to help me with develop a business plan?
Click to view LUCKIEST's profile SCORE LUCKIEST 7,912 posts since
Aug 6, 2007
3. Re: Investor/Funding Advice Jan 12, 2009 8:20 PM
in response to: mrbuilder
Investor/Funding Advice

Resources available. SCORE. SCORE is FREE, both in person and online.

The library. A book store.

Good luck
Click to view dholding's profile Authority dholding 8 posts since
Mar 11, 2009
4. Re: Investor/Funding Advice Mar 11, 2009 3:35 PM
Hello my name is Dannie I do what your trying to do and I can help you drop me a line at dannie@chrealinvestments.com Been flipping houses for 10 years so ask away I would love to help

Dannie