I just purchased 7 lots...what next?!?

[Andrew Cairns]

Hi all,

I have been investing in Single Family homes for just over a year now and it’s been going well. I just closed on 7 lots of land in Corpus Christi, Texas.

I am thinking of building 7 single family homes and renting them...does anyone have any experience with that process?

I have been looking into https://houseplans.bhg.com/ to buy plans and have a contractor build them?

Is it generally cheaper to build 1 story or 2 story?

What is the average cost per sqft for a 1000-1200 sqft basic rental?

I am also very open to reading books, watching educational videos, any advice, hints and tips or direction is much appreciated.

Cheers

Andy

[Clint G.]

@Andrew Cairns

I've explored building here as well. From what another builder told me you can expect anywhere from from $90-120 a square foot to build. You'll be on the lower end if you just want basic homes for rentals.

You'll want to consider what the rents are for the type of home you're building as well. That will help you determine how much you should spend on building them.

Where in Corpus are the lots?