New construction and private money

[Chase Tompkins]

Hello, I am trying to get more insight on maybe what I should do. I plan on building a duplex in my hometown this year, currently still looking for land and everything. I am just wanting opinions on if I should go to the bank and see what they can offer and then see if I can get private money for the downpayment. The other option would be to see if I can get private money for the whole thing. I am just struggling to find private money. Would it be better to do private money or try hard money since it seems easier to find? I am just wanting some opinions and explanations.

[Chase Tompkins]

Quote from @Eliott Elias:

Why build a duplex? Whats the appeal to that? Construction process is too long and who knows what the market will look like in 12 months. Buy something distressed with equity right now. 

 I see where your coming from it will take too long and about the market. I live in a small college town called Canyon texas, the land I am currently looking at is about 5 minutes away from college and plenty of new construction is going up in the area due to a lot more people coming here for college, in my opinion, it is a hot market. Of course, I plan of getting a distressed home as well later on but I am currently dabbling in a little bit of everything I don't want to be stuck on a single market. Also, I believe new construction is better in my opnion due to less maintenance later on down the road.