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Updated over 4 years ago on . Most recent reply
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FINANCING IN New Orleans
I've recently seen investors building houses from the ground up and want to jump in the game. I want to learn more about the right ways to get it done. Any teachers out there willing to school me?
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@Alton Alexis New construction projects require a lot of capital, generally 20-25% of total costs to finance to project. Additionally, most banks will very weary of providing an investor construction loan if you don't have experience. There is tons of risk with new construction, so if you don't have experience, its likely not a great place to start.