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Updated over 1 year ago,
Suggestions on buying 3 “to be built” duplexes
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 !