Success with New Builds?

[Eric Smith]

Question for the Forum: Has anyone found success with Build to Rent or build to sale from ground up construction of Single Family homes anywhere? Obviously fix and flip and BRRR is the mainstreet strategy because people seem to avoid new build and ground up construction as people say it's "expensive" but I want to hear from someone who has done it themselves. What has been your experience with it? Lessons learned, how did you find your builder, what has been your strategy you implemented and how did it turn out?

Curious to hear from people who have actually taken a swing at this and how it turned out

[Jodey Rifenburg]

Quote from @Eric Smith:

Question for the Forum: Has anyone found success with Build to Rent or build to sale from ground up construction of Single Family homes anywhere? Obviously fix and flip and BRRR is the mainstreet strategy because people seem to avoid new build and ground up construction as people say it's "expensive" but I want to hear from someone who has done it themselves. What has been your experience with it? Lessons learned, how did you find your builder, what has been your strategy you implemented and how did it turn out?

Curious to hear from people who have actually taken a swing at this and how it turned out

 Hello @Eric Smith…I am a certified builder here in the panhandle of Florida. I've done exactly what you are wanting to do over 20 times. I've built my own SF, MF and designed STR and have been successful within all three but they all take work and risk. If you are new at new construction and have some ideas on what you want to do, like your plans/designs and what type of lifestyle you are willing to navigate. You need to know that you can take care of your financial situation and really talk out what you think is a great financial situation before you "jump off the cliff" with people who are where you are wanting to get to. There are quality people out here but you need to educate yourself before, during and after they take their time to mentor you. A great mentor is the best investment only second to your own knowledge and education. You can not do one without the other. If I was to suggest to you anything is that you are in the right place…the market is very tough but there is still a lot of money out here so don't stop. Start with something you know a little about and just build on it. I'm going to request to follow you because I'd like to watch your journey.