Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Alton Alexis
  • New to Real Estate
  • New Orleans
0
Votes |
7
Posts

FINANCING IN New Orleans

Alton Alexis
  • New to Real Estate
  • New Orleans
Posted

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? 

Most Popular Reply

User Stats

1,109
Posts
898
Votes
Mike Wood
  • Developer
  • New Orleans, LA
898
Votes |
1,109
Posts
Mike Wood
  • Developer
  • New Orleans, LA
Replied

@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.

Loading replies...