Posted by Jonathan Rexford on May 30, 2000 at 15:11:08:
First of all, you can save some $$$ on being your own contractor! Not advisable though if you do not have the experience. There are a couple of companies that do offer owner/builder financing…Contact your local Mortgage Broker…If they do not know any please email me with your state and I will put you in touch with a few. I do consulate with owners that do want to build there own home but the 10% that is suggested is peanuts in the aggreavation that I save them. General contractors do not make 20-25% or more on Jobs we are lucky if we 12-15% gross profit on Custom jobs. We should make 20-25% on jobs. Well enough rambling (WET TOWEL RIGHT MARK NC). IF you need help please email me and I will be glad to put you in touch with lenders that will do Owner/Builder loans.
PS If you want to rent a good Movie about rehab/Building its called MONEY PIT…LOL
HAPPY BUILDING,
Jonathan Rexford
Licensed General Contractor
Licensed Mortgage Brokerage Business
Rexford Incorporated
P. O. Box 650099
Vero Beach, Florida 32965
Office (561) 569-4087
Fax (561) 569-0279
Cell (561) 532-0029
Pager (561)458-5658