Quote from @Taha Malik:
Hi everyone,
I'm on the lookout for good real estate opportunities. Whether it's starting something new project or flipping houses, I'm interested.
Flipping has its pros and cons, it seems like a fast way to make money. But it's tough work and doesn't always pay off.
I personally think the big profit is in new development or a project.
So, I'm wondering: Is starting something new a better bet?
If you have any tips or a project you think we can collaborate , let's connect.
New developments come with inherent risks. Unless you are an experienced builder, securing a bank loan can be difficult, and hard money loans often have high interest rates, which can become costly if your project faces delays. As a developer or builder, you assume significant risk. On a previous post somebody suggested investing in NNN leased properties, which I agree with. Additionally, the latest trend in new construction involves building properties specifically to rent. This approach can be more passive and carries considerably less risk than undertaking new developments or flipping properties. My 2 cents
