It's a new construction.

Ground Up new Construction Lessons learned?

Good afternoon everyone, I currently have new construction coming up where I am sourcing construction loan quotes from multiple lenders.

You would probably have better luck getting a construction loan to build something on the land, and creating some equity that way.

I've been in the construction industry since i was a teenager and thats a long time ago.

I read the HUD link in full and am fully understanding now my rights, and as I understand it if a tenant requests a door be widened, they must pay for that, a contract is in place, and it is returned back with a deposit made that is large enough to cover the full construction costs.

The first house is a 3/2 and the newly constructed house is a 2/1.  

I have formed opinions on questions like:Do new construction homes or older/existing homes appreciate more?

IThe detailed engineering approach from actual cost records, also called the “detailed cost approach” or “direct cost method”, uses cost information from contemporaneous construction and accounting records.

Things that require security like this add financial risk because construction is like herding cats, And can be filled with time delays that mount up .This is something a more experienced operator might have known to look for, but still read and notate every contract before signing.Good Luck!