Should I manage the construction or hire a GC?

[Rick Soto]

Looking for advice on the following,

After 2 years of my first investment, I am now getting ready to make my next move on the real estate world. I am really interested  in the idea of building a 3/2 sfh or a small 2/1 duplex, my 2 questions are these:

How does the financing part of new construction work? 

Is there a big gap profit wise, between hiring a GC and handling the construction myself? 

Thanks in advance! 

[Chris Seveney]

Quote from @Rick Soto:

Looking for advice on the following,

After 2 years of my first investment, I am now getting ready to make my next move on the real estate world. I am really interested  in the idea of building a 3/2 sfh or a small 2/1 duplex, my 2 questions are these:

How does the financing part of new construction work? 

Is there a big gap profit wise, between hiring a GC and handling the construction myself? 

Thanks in advance! 

 1. your bank will not let you act as the GC unless you have a GC license. so if you need financing no need to read further.

2. Yes there is a huge gap.If you know what you are doing you can save considerable money, if you do not know what you are doing it will cost you considerable money.  So yes a big gap based on experience level

IF you have never managed a project before, then this would be a hard no to tell you to GC it yourself.