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Updated over 5 years ago,
Pre-Construction Investing and Buying Land
What is your take on buying a piece of land (2 lots), knocking down a house, and building 2 condos? I am less familiar with this concept (as opposed to buying a house and rehabbing it). Is knocking down an old house and building a new house/condos similar to rehabbing an existing property? Similar financing options? Is constructing new property a smart investment? thank you