Hey I'm working on a small SF-5 infill project in South Austin. The site's already split into two legal lots and the plan is to build three homes.
Purchase is $350k, total project comes in around $1.47M, and we're underwriting roughly $2.0M in total sales.
I'm looking to bring in one passive equity partner (~$375k) and targeting about a 30% IRR over ~15 months. I'd be handling the development and day-to-day execution.
If it sounds interesting, happy to walk you through the numbers and answer any questions.
Purchase is $350k, total project comes in around $1.47M, and we're underwriting roughly $2.0M in total sales.
I'm looking to bring in one passive equity partner (~$375k) and targeting about a 30% IRR over ~15 months. I'd be handling the development and day-to-day execution.
If it sounds interesting, happy to walk you through the numbers and answer any questions.