New Construction

[Carlos C.]

I apologize in advance if this has been discussed before, but I searched and can't really find much on this tipoc. I'm new at all this, and this question just popped into my head :)

Is it a bad idea to find a LOT and build a duplex/triplex/4plex instead of trying to find a deal? 

I ask because here in Miami I can't seem to find much of that (as far as I've been able to search) and I was thinking of this option.

By the way, is it harder to get a loan for new construction? Is there such thing?

Thanks everyone!