Minimum return of 6%
We had the opportunity to purchase a buildable lot for $50,000. The property already includes a shop/garage, which not only adds immediate value but also provides on-site storage and workspace during the build. The lot is flat, has utilities at the street, and is located near schools, Highway 20, and outdoor amenities like Foster Lake.
Our vision is to create an affordable house in a market where supply is tight, and demand is steady. We’re partnering with HiLine Homes to construct their Model Plan 843L — a compact, efficient 2-bedroom, 1-bath home (~843 sq. ft.). This plan is specifically designed to keep costs low while delivering a brand-new, energy-efficient home at an entry-level price point.
We’ve engaged HiLine under a fixed-price contract of $142,545, with built-in protections against major cost overruns. Here’s the process at a high level:
Permits Submitted – already complete.
Site Preparation – clearing, excavation, trenching for utilities, and staging area. Temporary power and water will be established.
Foundation & Build – HiLine will pour footings and construct the home.
Finishing – We'll contract finishing items (steps, landscaping, painting outside)
Sale – list and sell upon completion, targeting the $315,000.
Affordable Entry Point: At ~$320K market comps, our finished home hits a sweet spot for first-time buyers, downsizers, and relocators.
Risk Mitigation: Fixed-price contract, contingency reserves, and HiLine’s backup subcontractors protect against delays and cost overruns.
Flexibility: If the market softens, we retain the option to rent the property to cover carrying costs until conditions improve.
Seller Note $50,000
Investor Note $200,000
Total $250,000
Purchase Price $50,000
Site Prep/Finish $48,000
HiLine Build $142,000
Holding Costs $3,000
Reserves $7,000
Total $250,000
+ Investor Interest $30,000 (12% APR)
Total Project Cost $280,000
Sep 1st
Sep 30th
Oct 17th
4608 Airport Lane is a buildable lot in Sweet Home, Oregon, with an existing shop and utilities available at the street. The lot is flat, making site prep straightforward, and it’s close to schools, Highway 20, and outdoor amenities like Foster Lake. The shop can be used for storage or as a workspace during construction.
Size: 0.18 AC / 7841 SF
Zoning: R1
Terrain: Flat
Utilities: Water, sewer, and power are available at the lot
Structures: Shop on site
Location: ~5 minutes to Foster Lake; quick access to Highway 20
Sweet Home, Oregon is a growing small-town market where affordability meets lifestyle appeal. Nestled between the Willamette Valley and the Cascade foothills, it attracts both long-term residents and in-migrants seeking outdoor recreation, a slower pace, and more attainable housing compared to nearby cities. While it’s not a high-growth metro, its steady population gains, healthy employment trends, and constrained housing supply create a favorable environment for new home sales. Demand is bolstered by a combination of first-time buyers, downsizers, and relocators drawn to the area’s value proposition and community character.
Population: ~10,439 projected in 2025 — growing at roughly 1.1% annually, signaling consistent buyer demand.
Employment: County job base up 4.9% from 2022–2023, with strength in manufacturing, healthcare, and retail.
Median Household Income: ~$59,500 to $71,700 — supporting purchasing power for smaller new construction.
Housing: Tight supply; over 25% of renters are severely rent-burdened, increasing interest in homeownership.
2‑Bed / 1‑Bath home pricing: Averages around $320,000, positioning our build in a highly marketable sweet spot.
We will work with HiLine Homes to build their 843 sq ft, 2-bed, 1-bath model on the property. The plan is straightforward: prepare the site, construct the home, and sell it upon completion. This is a standard new-construction resale strategy in a market segment with limited competition from newer homes.
Submit permits. — DONE
Prepare the lot using the existing shop for storage.
Build the home.
List and sell.
Construction Delays: Delays from weather, permitting backlogs, subcontractor schedules, or supply chain issues.
Contract includes realistic timelines with built-in buffer weeks.
Winter-sensitive tasks (foundation, exterior work) are scheduled in optimal weather windows.
HiLine maintains a backup list of subs for critical trades.
Cost Overruns: Unplanned site work or material price increases.
Fixed-price contract with HiLine Homes covers major build costs.
10% contingency reserve held outside the base budget.
A pre-build site inspection was conducted to identify any grading, drainage, or utility surprises.
Market Softening: Local or regional price declines could compress resale margins.
Target price point is the affordable tier — historically more resilient in downturns.
Use a competitive pricing strategy from day one of listing to drive quick offers.
Maintain optionality to rent the home if selling conditions turn unfavorable, covering holding costs until the market improves.
Buyer Financing Issues: Accepted offer falls apart due to financing denial or rate spikes.
Require lender pre-approval before accepting offers.
Keep an active buyer pipeline via pre-marketing to agents and buyers.
Build flexibility into closing timelines to accommodate financing delays without harming carry costs.
Liquidity & Exit Risk: Home doesn’t sell quickly, creating extended carry costs.
Budget assumes 90 days on market, even though comps indicate shorter times.
Maintain open dialogue with agents on price adjustments if no offers by week 3.
If unsold by day 60, activate rental option to cover debt service and taxes until sale.
After getting his MBA, Mr. Furlo started working for HP Inc. and actively investing. Over the last 16 years, he purchased over $8 million in real estate. His investments include 14 properties that span apartments, storage, and warehouses. He's also a limited partner in a 112-unit development project. Read his one-page resume
While working as a logistics coordinator & warehouse manager for Tigerlights in the agricultural industry, Mr. Potts invested in real estate in Oregon and Louisiana. He also started a Junk Removal company. After successfully selling his Louisiana portfolio and Junk Removal company, he became a full-time real estate investor and broker.
Mr. Potts has flipped several residential properties and continues to pursue specialty value-added opportunities. His focus is on always creating win-win scenarios and fostering long-term relationships. Learn more
Hiline Homes is a trusted Pacific Northwest homebuilder specializing in high-quality, ground-up construction that blends thoughtful design, durable materials, and local expertise. With decades of experience and a commitment to energy-efficient, well-crafted homes, Hiline delivers properties that stand the test of time while meeting the needs of today’s buyers. From foundation to final finish, every project is built with integrity, transparency, and a focus on long-term value for both homeowners and investors. Visit their website
Sep 1st
Sep 30th
Oct 17th
Call, email, or text either James or Lawrence expressing your interest. We'll sign a promissory note, and send you the wiring instructions.
The promissory note will be with the following terms:
Loan Amount: Minimum of $50,000
Interest Rate: 12% annual, minimum of 6%
Payments: A single payment shall be made on the date of resale on or before the expiration date.
Loan Length: 1 year (though, we're targeting 9 months)
Deed of Trust Security: 4608 Airport Lane, Sweet Home, OR 97386
Guarantors: James Furlo and Lawrence Potts
City and State of Execution: Sweet Home, OR
Let James or Lawrence know. We'll sign a promissory note and send you the wiring instructions.
Yes. Investments are accepted via 401K/IRA funds.
$50,000
The wiring information is provided after we sign the initial note agreement. If your bank asks, the entity's location that will purchase the property is in Sweet Home, OR.
You will be repaid, including interest, after the property is sold.
So far, the sponsors have put in $5,000. This covers closing costs and the fee to initiate the contract with HiLine.
This means you'll earn at least 6% on your money, even if we complete the project in less than 6 months. For example, if we finish in 4 months, you'll still receive 6% instead of 4%. That will increase your effective APR to 18%.
If the project takes longer than 6 months, you'll still receive 1% per month (or 12% APR). It's our way of ensuring you still receive a good return even if the hold period is extremely short.
12 months. Hiline homes of this size & simplicity often finish in 6 months total, depending on weather. We building in buffer time for delays and marketing/selling the property.
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