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Updated over 9 years ago on . Most recent reply
Considering making the leap from flipping to new construction
Hey BP-ers, I'm looking for advice from anyone who has made the leap from flipping to new construction. Here's what I have:
- A lead on a not-yet-listed $2M lot in an up-and-coming coastal town in the San Diego area that can be developed into eight condos that could go for $500k each, if done correctly of course
Here's what I don't have:
- Any experience with new construction
- Any experience working with city planners or drawing permits (my previous flips were mainly cosmetic)
- A relationship with a contractor (I recently moved to San Diego and have not even done a flip here yet, after doing seven in Nevada last year)
- And, oh yeah, $2M (not to mention the other monies needed)
Any suggestions? I'm ready to move up from the minors to the big leagues but my skills are still little league...
Most Popular Reply
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@Account Closed's offer to check out her projects and pick her brain. I have visited her projects personally, and they are impressive. She also has a wealth of information regarding the construction process, especially with the nuances of dealing with properties close to the coast.