Want to build architect designed homes

[Pam N.]

Hi.

I'm new to REI and I'm trying to figure out the best way to go about it. My fiance is an architect and ultimately what I'd like to do is find lots to purchase or houses to demo and build new houses that he designs.

Is this the sort of thing that requires a lot of money to get started? Does being designed by an architect generally bring in a bigger profit?

I am toying with the idea of getting a realtor's license thinking it might help find deals on land. Would it make sense to work with a broker/agency to start out or am I just as well off taking courses through kaplan?

[Mike Salisbury]

Pam,

You are talking about speculative building? This is a high risk/ high reward proposition. Knowing your market, your future homeowner's needs, buying the land at the right price and building efficiently are all necessary. I wish you luck, but this is not for the inexperienced.

Mike