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building a single family house, looking for venture capital?
1 Comment · Posted by admin in California construction loan
i am building a new house in southern california. i have financed $518,000. i now have to replaced a bankrupt contractor. i have 3 replacement bids, but all are $75,000 to $100,000 more than my construction loan covers. for an investment i will give a grant deed giving a percentage of the property to the investor
property is a half acre which butts up against undeveloped land
there is an existing house of about 750 square feet. house is 2 bedroom 1 bath, living room, kitchen, laundry room. house has a free standing wood stove, covered porch, 2 car carport. house and carport have 50 year metal shake roofing. paver patios and walk ways with a koi pond
new house will be 3 bed room 2 bath over a large 3 car garage. master suite will be bed room, walk in closet, and bath room with dual sinks, tub, and separate shower. middle of house is open area kitchen / living room with vaulted ceilings. other end of house is 2 bed room 1 bath room with tub / shower combined. also, there is a laundry room / mud room
existing house can be for family (grand parents, elderly parents, etc) or can be rental income
You will never find "venture capital" for this project.
What you need is HARD MONEY or a PARTNER .
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Judgment CARE · March 11, 2010 at 8:17 pm
You will never find "venture capital" for this project.
What you need is HARD MONEY or a PARTNER .
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