New Construction loans and cost. SW of Houston Texas.

New Construction loans and cost. SW of Houston Texas.

Investor · Wharton · Member since 2020 · 14 posts · 6 votes

Hello BP! This is my first shout out to everyone. I'm a newbie and am looking for connections in the FT. Bend Co./ Wharton Co. area. SW of Houston Texas. Currently shopping a property and have vision to build a SFH. I have 15 years in oil and gas and things are rapidly changing. Gotta make this transition.

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  • Investor · Houston, TX · Member since 2013 · 76 posts · 35 votes
    5y

    @Gerard Scranton Welcome to BP! Here are some tips in moving forward with your request. From a lender perspective, I would be asking your level of experience with regards to building a SFH. Have you put a team together for the build out? Do you have building experience? Do you have a contractor in your pocket that has the experience? Is this buildout for homestead use or is this for resale? Do you know your numbers? Lot cost, buildout cost, holding costs, buying and selling costs, selling price etc?

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