All Forum Posts by: Jose Laffitte

If you have limited experience in real estate, trying to undertake development and construction is going to add a lot of other risk factors that you may be unable to navigate with the limited resources available to you.  If you want to get experience building, you could start by identifying property that could be developed, ensuring the owner is willing to sell, assessing the feasibility, and presenting the deal to a builder who could start to teach you if the deal makes sense.  The more deals you can show the better.  The builder will probably be able to tell you in those pitch meetings why or why not those deals make sense, which is a lot easier way to learn.

If you have limited experience in real estate, trying to undertake development and construction is going to add a lot of other risk factors that you may be unable to navigate with the limited resources available to you.  If you want to get experience building, you could start by identifying property that could be developed, ensuring the owner is willing to sell, assessing the feasibility, and presenting the deal to a builder who could start to teach you if the deal makes sense.  The more deals you can show the better.  The builder will probably be able to tell you in those pitch meetings why or why not those deals make sense, which is a lot easier way to learn.

Welcome!  The best way to get started with today's market in my opinion is doing a live in househack/brrrr.  Find something you can live in and finance with low money down and can rent out the other sides, or rooms, and that you can also add value to.  You will cut your cost of living down, and build equity at the same time.  Feel free to reach out if you need some help.

 Hey Jose, 

What led you to use them and what terms are they proposing to you?