Steps to "flipping" a new construction for New Investors

[Manuel A.]

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!

[Robert Ellis]

Quote from @Manuel A.:

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!

 we do this in Columbus but instead of single family we do multifamily with no garages and stick to infill urban core lots. I refresh our lots list every few weeks and look at infill lots by price per acre, density allowed, new build average price and price per square foot, deliveries per year, etc as a driver for it. I'm not sure about Houston but make sure you find a great agent who's focused in your area. call agents who list new construction or who closed land purchases and represented people. on my closed transaction list and active listings it's land on the buy side and new construction homes on the sell side. make a spreadsheet, email and call every single one, have 10-15 conversations, meet with 3, pick 1. sales funnel.