Hi Sara,We do see a lot of new construction in NC and SC, but specially in NC.If you’re looking at areas with high demand, Charlotte and the Raleigh-Durham region in North Carolina are definitely worth considering.

Sometimes they’ll ask for contractor info and proposed construction plans.

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.

Ground Up new Construction Lessons learned?

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.

It's a new construction.

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

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

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!