I didn't realize the construction work is paid out of pocket and then reimbursed, so I had to nuke a lot of my bitcoin to pay for the first 12k worth of work to get the project started, so unless your lender gives you some construction money up front, you'll need to account for that too.

@Sandee SampsonA construction attorney would be who to contact but you are going to spend a lot more than $7000 in getting this resolved against a builder.Also let’s say you win, the courts could also say you didn’t pay for a retaining wall which is needed so it’s a betterment to the property so you would still need to pay for the wall and they would be responsible for some soil etc.

Looking back 10 years this complex had dues increase for most years at around 3% but for 2023 it was 18% and 2024 19%. 30+ year old complexes really start wearing down and many times were not the highest quality construction.

Giving the recurring issues with labor quality and scarcity, would you say automation tools like construction 3d printing or other tech are worth exploring?

Hey BP Community,Is the first time I am doing a multifamily ground up construction.

FB Marketplace is probably your best bet - You can try craigslist too but at least with FB you can do a quick scan of someone's profile before talking to them. 

Going to be interesting to see what sort of impact the new Government's mass deportation policy has on rents and construction costs.  

And oftentimes they don’t make rent payments and hold you hostage to advance construction draws in order for them to give you back your own money as rent.

Purchase price: $360,000 Cash invested: $96,000 Purchased my first investment property in summer 2017 while living in SF, a new construction home intended as a long-term buy-and-hold.

We paid $232,447.36 out to 36+ different trades & vendors for this home.This $232K creates jobs and promotes growth because it is spent and recycled in the economy, creating a ripple effect.Congratulations to the Greatleaf Homes Team for another new construction home closing today!