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Build 2 Rent Real Estate

261 members • Free

14 contributions to Build 2 Rent Real Estate
Site plan issue but solved
I recently got my site plan to start building. It looked good to me so I gave it out to my contractors. My concrete guy recommended I have a surveyor mark out my corners of the lot and the corners of the house. But when I gave them the site plan he noticed an issue in the measurements from the architect. The overall distance looks like 61.26’ but it’s not. It’s only 55.86’. So we lost just over 5’ . Which put us at 6’ and 5.5 ft on each side of the house. Instead of 9 and 10 ft. We were close. Because city requires 5 ft on each side. I could have had to redo my whole house plans! I don’t think I could have caught this because I didn’t know where the lot pins were. Take a look at the pictures and see if you can tell where the architect messed up.
2 likes • 10d
@Juan Cristales well we are still okay with our same plans. Just not much on each side of the house. The house next door is actually laid out the same. It’s five feet from the property line.
Check Out This Monster!
Not kidding... this is a monster of a house... Did a quick 4 min video about it for you! It get's the job done. What do you think I should do with it?
Poll
10 members have voted
Check Out This Monster!
3 likes • 11d
I think that’s cool that you still see value in it and don’t automatically think tear it down. So much inspiration Juan!
Financed secured!
Hey guys, I thought I would share some positivity tonight. After my local bank got bought out by another bank, and this being my first build, my finance got shut down for my new build. I was going to fund my new build with my equity from a rental. Talked to another bank, but they wanted sooooo much info. I also never did get a response back after I asked him if they would lend being my first build. So I tried a local HML that funds a lot of local flip homes for investors. I’ve heard great things about them so I decided to send over my info to him. In less than 12 hours he approved me! And best of all. He’s funding the entire build cost. Not including the land. Which I’ve already purchased for 11k. Breaking ground the end of the month. But rates are definitely high. But I think this year I am going to be okay with that. This will be my learning to build year. Will I make money? Sure. Not much. But I think I will enjoy building over flips for real and flips to rent. I’m just so over these old homes guys. And contractors hate old homes too.
Financing new builds
So I'm curious if any of you investors had issues with a local bank financing your first build? Even with 25% down were you able to get financing pretty easily? My worry is banks will be scared to finance something like this for a first time builder. Am I overthinking it or can someone give me some advice on what to say and what not to say.
1 like • Jan 24
@Juan Cristales I think it makes most sense to just build to sell it. I plan on using a local bank that I have an investment property with. I have enough equity that it will cover the down payment. But I wouldn’t cash flow much even if I put down 15% of my own money. So I will most likely just sell. But I need to ask if my loan officer is interested in something with that short of investment. They were okay with it being a long term rental but after running some numbers it just would make sense. Taxes on it annually would be around $3600-$3800. My rent would most likely only be around $1750/ month. I usually do a 20 year DSCR. And I’m coming up with a rough estimate of $200k for all in construction cost. My lot was only $11k. Let me know your thoughts!
1 like • Feb 3
So many good, real comments in here! Thanks for all the responses. Well I thought I had financed lined up. But when my loan officer started working on this he asked how many homes I’ve built in the last 24 months and the budgets on them. I simply said none. It was a hard no. So back to the drawing board. I like the idea from Scott Slocum, of using hml to build just to get a few under my belt. To show my credibility.
B2R Update | Still in the Build, Still Winning (Q1 2026 Energy)
Hey B2R family--> it’s been a few months, so I wanted to share a transparent update. Long post🤷‍♀️ The last quarter was a different kind of grind. Progress didn’t always look flashy, but the work never stopped. Quick highlights: - Continued building relationships with potential lenders - Strengthened my backup bench of subs (because Juan was right — always have contingencies) - Kept learning and revisiting Juan’s recordings to sharpen my understanding of materials, scope, and the actual build process On the lot side: The initial survey completed before closing was missing critical details around easements and setbacks (lesson learned). It took another month, multiple follow-ups, and Juan stepping in to apply pressure before we got a corrected survey. Three days before Thanksgiving, we finally sent it to the architect. Since then, we realized the lot layout (wider vs. narrow) may require plan modifications — possibly new plans altogether. No biggie, just potentially more cost. With the holidays, delays were expected… but yes, still waiting. While waiting, I stayed in motion. No stone unturned on lending options, team-building, and preparation. If I’m honest, if it weren’t for B2R, I probably would have thrown in the towel. This group has been the reminder to pause, recalibrate, and keep going. On the ops side: What was a long term rental is now transitioning to Airbnb or mid-term rental, so it’s been deep cleaning, minor repairs, marketing, and tenant vetting. Getting to the 1st permit may test patience, but adaptability builds portfolios 😉 If anyone: - Is looking for an Airbnb in a modern retreat area, or - Needs a 30–90 day unfurnished mid-term rental with all utilities included, Feel free to reach out. Or, reach out just to laugh, vent about funding and permits, or talk through your Q1 2026 build goals. 2025 didn’t deliver my second duplex, but 2026 will. My theme this year: overthinking the positives — because I’m certain I’m winning.
B2R Update | Still in the Build, Still Winning (Q1 2026 Energy)
4 likes • Jan 6
@Teoy Thompson you got this! I’m hoping to break ground in Q1, finish my 150k rehab! on a flip, my highest yet, and hopefully fully occupy my triplex I just picked up in December. I also hired a part time guy to help out on my remodels. But I’m still convinced it’s easier to just hire it all out. I just don’t like holding someone’s hands on what to do. It takes time to train them in I guess.
1 like • Jan 6
@Teoy Thompson Yes
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Drew Phebus
4
63points to level up
@drew-phebus-8484
Hey guys! Born and raised in Evansville, IN. I am a second generation real estate investor, but a full time real estate investor.

Active 7d ago
Joined Nov 7, 2025
Evansville, in
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