Getting started In New construction investing as a land developer

[Jason Owiti]

Hi so i am a newbie when it comes to new home construction, but i would like to learn how or what steps i need in order to start making profits from new construction investing. i am located in cape coral Florida and in my neighborhood new construction houses are going up and getting sold very quickly. how can i partake in this ?

[Canesha Edwards]

@Jason Owiti

Hello Jason-

I Understand the appeal of new construction and how right now it seems as though this is an easy and lucrative route in real estate investing. However. there are many factors to consider when thinking about development.

#1: Do you have the capital available to support the project? Budget for 25% down. Also, include items such as drawings, permits, engineering studies, etc.

#2 : Find a solid team. New construction is all about having a solid team of contractors.

#3 Understanding your area’s zoning/planning codes.

#4. Don’t close on land without full entitlement.

When looking for plots of land , beware of leftover lots in developments. These parcels of land are obviously cheap and appealing for a reason. Remember, if the prior builder could have easily built a house on the lot, they would have.

Obviously, this is a simple break down of a few items to consider when getting started. Feel free to reach out, if you would like to talk in further detail.

Best,

Canesha