If you were a builder would you sell?

Here is the scenario:

A local builder has 475+ homes for sale.

He employs many people in the valley.

There is an opportunity to sell 300-400 of these homes for 60-70% LTV.

Thus resulting in over 30,000,000 dollars.

I would like to approach him with an investor who could buy a huge portfolio of these homes. 

I can't think of a builder who wouldn't want to inject $30 million into their business. 

Would you sell? 

 

2 Comments on If you were a builder, would you sell?

I just depends on what the builders goals are with these properties. It is worth a try, because you will never know what they will do until you ask.  Good Luck, Nicole

09/10/2007 04:30 PM by Nicole Garner (Not Available)

All you can do is give it a try and see what happens. If the builder wants to stay in the industry I don't think it will fly though

09/10/2007 05:27 PM by James Gordon REALTOR® PBD SRS (Sibcy Cline Realtors®)

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Real Estate Agent: Boise Idaho Real Estate - Nick Vanassche (Century 21 1st Place Realty)
Boise Idaho Real Estate - Nick Vanassche
Nampa, ID
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Century 21 1st Place Realty

Cell Phone: (208) 571-6039
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Nick Vanassche, investment consultant and marketing instructor offers marketing tips and advice for new agents as well as seasoned agents.

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