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Updated 4 months ago on . Most recent reply

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Marcus Gonzalez
  • New to Real Estate
  • Las Vegas, NV
2
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13
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I am interested building and selling homes

Marcus Gonzalez
  • New to Real Estate
  • Las Vegas, NV
Posted

Hello everyone, I'm interested in buying land and investing in a new construction with goals of selling after construction is complete. 

Without getting myself into a get rich quick program, I thought asking all of you good people here your thoughts regarding financing, project planning and experience requirements. 

Are their lendrs out there that work with no experience. If not then where do we start to get our foot in the door. 

Thank in advance, all advice and tips are welcome.

Most Popular Reply

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Chris Seveney
  • Investor
  • Virginia
15,426
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17,933
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Marcus Gonzalez

My recommendation would be to start investing at a more basic level. Constructing new homes and selling them is extremely difficult and challenging. Unless you come from a corporate job that is involved in this field, it is not a place I recommend to start. It is extremely difficult and managing all the trades, managing the budget and the schedule to get the project completed on time as the quality level you expect. You would also need to be at the project site every day watching the work and managing the contractors. Most people do not have that availability.

My recommendation is start owning real estate, putting a tenant in the property and hiring a property manager.

  • Chris Seveney
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7e investments
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