Beachfront Luxury Construction - Single Family

[Dominic Balconi]

Questions:

What useful tips have you learned through home construction, in any location?

Did you construct to build and hold, or sell off for profit?

If you built to sell right away, did you have an architect design the home or was a buyer lined up before-hand who designed their home?

Did you use cash, borrowed capital, partnered capital, or a loan to secure funds for construction?

If you are able to line a buyer up who will pay for construction during the building process, how would you structure the payments?

I am planning on building a single family home in Ecuador on the beach. I'm also considering building a duplex to build and hold. I'm not sure whether to go for a large payment up front, or smaller, consistent payments. I understand that this is entirely based upon my goals and the market.

Any other advice or tips about the construction of homes in general, not necessarily on the technical side as I have great contractors lined up, would be greatly appreciated. I'm going to build for my first real estate deal ever, so hopefully, everything works out well.