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Updated over 1 year ago,

User Stats

5
Posts
2
Votes
Nicole Ferrara
2
Votes |
5
Posts

Suggestions on buying 3 “to be built” duplexes

Nicole Ferrara
Posted

Hello!

Newbie investor here here , who wants to begin  building my portfolio with rentals 

I currently have a duplex and a single that are mid term rentals in south west florida  - going well

I saw an opportunity to buy 3 duplexes - new construction- Does anyone have experience in purchasing “to be built “ properties and what tips , questions to ask , or pitfalls to watch out for ? What should  I expect this process to look like with the builder (from the offer to completion of properties )

Would a dscr loan work with this ? 

What does that loan process look like on new construction ? What fees or tax increases  should I expect to see on a new construction after acquiring

is there a formula on this type of transaction you would use ?


Am I being too advantageous ?

Many thanks 

Nicole 

Mom of 3 

And ready to start doing “me” now that the last one is off to college !

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