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Updated 8 months ago,

User Stats

3
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1
Votes
Manuel A.
1
Votes |
3
Posts

Steps to "flipping" a new construction for New Investors

Manuel A.
Posted

Hello Team,


Currently I purchase distressed properties, flip and resale. I now want to look into "flipping" new construction or spec home building. My plan will be to purchase a vacant land with cash and finance the home build through a private money loan. I am currently building my team. I already teamed up with a home builder and private lender. 

Are there any experience investors that could list out briefly the general steps beginning with purchasing the land to selling the new home? Also any cost that I may need to consider to pay upfront other than the land it self (i.e. survey, permits, etc)? 

Thanks!

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