Investing in New Builds: Considerations and ProcessNew Build Investment Options:Build and Sell (Fix and Flip):Pros: Potential for high profits with modern appeal.Cons: Requires significant upfront investment and market risks.Build and Hold (Long-term Rental):Pros: Attracts quality tenants, potential for higher rental income.Cons: High initial costs, market fluctuations.Process Overview:Market Research: Identify high-demand areas.Land Acquisition: Purchase suitable land.Design and Planning: Work with architects and obtain permits.Construction: Oversee build quality and manage costs.Marketing (Fix and Flip): Highlight new features to attract buyers.Tenant Management (Rental): Implement thorough screening processes.Advice:Educate Yourself: Understand local regulations and market dynamics.Risk Management: Prepare for potential delays and cost overruns.If you have any other questions/just want to discuss feel free to reach out to me directly!

I am also currently in the market looking for a STR, and have been navigating the traverse city zoning map listed on the city's website to identify pockets that allow STR.

Unless the comparison includes permit checks, zoning check, walk through of the property prior to the sale (to see interior of unit), disclosures, plumbing and foundation inspections there is no way to compare values and having purchased mostly off market properties I can state with fact that the value is not easily discernible. determining a property has a failed sil plate or needs 100’ of new sewer run is not easily identified.  

Once you understand these strategies and have identified with one as a fit for you, then you can connect with someone who is experienced in implementing that strategy here on BP.

Some times it's easier to just identify a possible property and the first you check before even scheduling a viewing, is check the STR rules on that address.  

As for personal information:"In order to transact funds through Innago and access many other features, federal regulations require that we identify you as the owner of the account.

This demonstrates the buyer's seriousness and commitment to proceeding with the purchase.Additional Clauses:Subject to Sale of Buyer's Property: If the buyer needs to sell their current home to finance the new purchase, include a clause making the offer contingent upon the sale and closing of their property.Specific Repairs or Improvements: If the buyer has identified specific repairs or improvements they want completed by the seller, include details about these requirements as conditions of the offer.Review by Legal Counsel: Consider having the "Subject To" offer reviewed by a real estate attorney to ensure all contingencies are clearly defined and protect the buyer's interests.Final StepsNegotiation: Once the offer is submitted, be prepared for negotiation with the seller.

We found the E Wildflower Lane deal through our partner, Seth Choate, who identified the opportunity and brought it directly to us.

We found the N Arkansas Ave deal through our partner, Susan Rosati, who identified the opportunity and brought it directly to us.

We found the De Gage Drive deal through our partners, Denis and Samantha, who identified the opportunity and brought it directly to us.