Track record

A snapshot of some builds we’ve done.

Seven recent new builds, as examples. Across the firm and its principals we have completed many more projects, including fix-and-flip and rentals. We manage our own builds, so we know what construction actually costs.

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Charlotte, North Carolina · Ground-up · 237 days, construction start to sale

6900 Barrington Drive

Built on a lot split off 4932 Delivau Dr and deeded to us with no purchase price, so this one carries the dirt at almost no basis. Worth knowing, because it flatters the result. Financed with a construction loan, our own capital and two private loans repaid in full at the sale. Slab to certificate of occupancy took 142 days, and it went under contract at its full asking price three days after it was listed.

$0Land

$256,000Build

$384,900Sale price

$129,000Gross profit

Build is land, construction and soft costs, including about $2,500 of subdivision work, before financing, holding and selling costs.

338 Hollingswood Drive, Statesville, North Carolina, built next door on the same subdivision as 332

Statesville, North Carolina · Subdivision and ground-up · 210 days

332 Hollingswood Drive

Marketed as a two-lot opportunity. We found a third, by running service through an existing utility easement and installing a sewer grinder pump to reach the main. Two more houses followed it on the same subdivision. Pictured: 338 Hollingswood, built next door.

$20,000Land

$225,000Build

$310,000Sale price

$65,000Gross profit

York, South Carolina · Joint venture development · 304 days

42 Magnolia Street

Sourced through a wholesaler and structured as a joint venture. A flat, cleared lot meant the slab went in without a load of fill dirt and the horizontal costs stayed down. Good land, read correctly, before anyone broke ground.

$15,000Land

$175,000Build

$240,000Sale price

$50,000Gross profit

Kannapolis, North Carolina · Teardown and rebuild · 172 days

110 Waco Avenue

The existing house came down and a three bedroom, three bath home of 1,374 square feet went up in its place. The lot was already flat, so nothing was needed beyond the demolition, which kept site prep down. Our fastest build.

$42,000Land

$173,000Build

$295,000Sale price

$80,000Gross profit

Beyond these examples

Seven recent builds, one line each.

A sample of recently completed builds, not everything we have done. Land, build, sale, gross profit and days from construction start to sale on each, including some without a photograph yet. Completed by our principals individually or through their own companies; Tide & Timber Investments LLC has no operating history. Not every project performed as well as these; some underperformed.

Project	Land	Build	Sale	Gross profit	Days
6900 Barrington DriveCharlotte, NC · Ground-up	$0	$256,000	$384,900	$129,000	237
338 Hollingswood DriveStatesville, NC · Ground-up	$20,000	$230,000	$325,000	$75,000	211
110 Waco AvenueKannapolis, NC · Teardown and rebuild	$42,000	$173,000	$295,000	$80,000	172
332 Hollingswood DriveStatesville, NC · Subdivision and ground-up	$20,000	$225,000	$310,000	$65,000	210
5215 Morning Dove CourtGastonia, NC · Ground-up	$20,000	$225,000	$310,000	$65,000	247
404 S Greenbriar RoadStatesville, NC · Ground-up	$20,000	$225,000	$295,000	$50,000	273
42 Magnolia StreetYork, SC · Joint venture development	$15,000	$175,000	$240,000	$50,000	304

Gross profit is the sale price minus land and build. It is before financing, holding and selling costs, so the profit kept on each project is lower. Days run from construction start to sale. Sale prices are from recorded deeds; build costs and timelines are from the principals’ project records. The three Statesville lots were one $60,000 tract, so each shows a one-third share as land.

Our work covers much more than new builds.

01

Ground-up builds

New homes on land we buy, plan and build ourselves.

02

Subdivision

Finding the extra lot others miss, as we did at 332 Hollingswood.

03

Teardown and rebuild

Replacing a worn-out house with a new one, as at 110 Waco.

04

Fix-and-flip

Renovating existing homes to resell. It is where we started.

05

Rentals and multifamily

Owning and running income property, from single homes to multi-unit buildings.

06

Joint ventures

Partnering on a project with another owner or builder, as at 42 Magnolia.

Every figure on this page is a historical result on a single completed project. Individual results vary widely and are not indicative of future performance. Nothing on this page is an offer to sell or a solicitation of an offer to buy any security, and no return is projected, targeted or promised here.

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