Build a house to rent out OR buy existing house

[Samantha Ullrich]

I have the ability and knowledge to build four new construction single family homes with a construction loan but usually higher interest rates. However, I think there are some good single family home deals on the market currently and would need a loan. Does anyone have an opinion on which I should do? I struggle with this because I have four lots that are paid for and all utilities to the lots. I can build the houses for $80,000 (very simple) or purchase on the market properties for around $125,000. Any thoughts?