BRRRR with New Construction

[Nicole Pierre]

Hello BP Community,

My husband and I have 10 acres of land that we inherited. We are thinking of selling our current duplex (we have about $250k in equity) and using that money to build a house and using the BRRRR strategy to build our real estate empire. The land is in an area that is up and coming and the average rents are $1,600-$1800/month. We also thought about not selling and using a private lender to get started. What are your thoughts? If were to use a private lender to get started, at what point we would need to start paying back the loan? Any other ideas/suggestions would be greatly appreciated.