Ground Up Construction for Duplex

[Jose Laffitte]

Hello all,

I am still trying to get my foot in the door in REI and I have been looking at fix and flips it in my area those are slim and the numbers are tight only because I have limited funds and was looking at doing JV's.

My main question is I have seen a number of multi-family units but they are pretty run down and for the price it's almost the same or better to build new. With that being said has anyone ever used Owner Financing to purchase land?

Does this type of purchase allow construction? Or does the land need to be completely paid off before you can begin construction.