Land & New Construction
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 19 years ago,
Buying an existing home and tearing it down...
and I would like to build a brand new house on the lot. I am looking in an area that this has been very popular. So my new house will not stand out or appear odd.
I am not a builder. However, I have a good friend who is a builder. He told me that he can build me a brand new house at cost plus 10% markup and I can sell the house and still make pretty good money. Does anyone have an opinion on this? Can I still make money using this model?
Thank you! I am new to this board and I am pumped to be a part of it.