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Updated over 3 years ago on . Most recent reply

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4
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1
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Nicolas Leon
  • Developer
1
Votes |
4
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Tips/advice for a new construction single-family build to sell?

Nicolas Leon
  • Developer
Posted

I just got approved for a construction loan for a single family build. Very exciting. It’s an out of state project and my first new construction project as well. I am very fortunate to have a good support system around me who have done this before.

I would like to ask the smart minds of the BiggerPockets community: any advice and tips for a new guy like me?

Thank you

Most Popular Reply

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464
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143
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Pavan Sandhu
  • Developer
  • Sacramento, CA
143
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464
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Pavan Sandhu
  • Developer
  • Sacramento, CA
Replied

don't run out of money and have contingency plans for everything. Don't expect things to go smoothly on your first project. Put the right people in the right positions to be successful. and probably most importantly. Pay your subs ontime and keep them on time. A great project manager makes all the difference. 

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