We are still under construction but we ended up having to do everything including sub flooring, attic, roof, HVAC etc.

I currently work in construction and have some experience in all aspects of building.

Hello Bigger Pockets,I've been in construction for a little under a decade now, and I know what it takes to build a house from the ground up.

To put this in context, I own a construction, renovation company.

So, if interest rates are a buyer’s primary roadblock, then I recommend negotiating a rate buydown at a seller’s expense or looking at new construction, where builders are offering rate reductions and other substantial incentives.

One of the agents owned a construction company with her husband, and the other agent is an investor.

I am new to real estate investing and was looking into taking a heloc on my primary to purchase land and do a construction loan.

SHould I just pass on this old property and look into new construction?   

These two data points help us understand the demand for new construction homes in terms of size and price.

You're situation could be far different, for me I am looking at higher construction costs than you have (most likely) and deals in the area I can put 20% down on as opposed to using the money for another unit.