Thanks,Akku Hello Akku, Congrats for getting started in Real Estate.

That's how my partner and I started out.

Hey @Jay Fayz, I like that you want to take action on getting started!

We intend to hold the property in our name for at least 12 months before starting construction. 

I'm in Spartanburg and starting some new construction projects.

The process from start to finish would take four months and cost ~200k to build, with comps in the area around 355k-lender man said, refinancing would take six months as most lenders wont refinance a property unless its been built for six months, affecting the strategy to get paid out from refinancing quicker and closing out on construction loan-The property would not appraise at comps value, but at the cost it took to build, affecting getting paid out from the refinance.

Why are you starting a new thread when you posted this same stuff on an existing thread? 

As we approach 25K active listings on the market, we are starting to see a balancing of Seller and Buyer, and some soft corrections are underway. 

A trusted real estate agent and a lender can guide you through the process, explain the help that’s out there, and connect you with resources to make buying a home a reality.Bottom LineIf you’re ready to stop wondering if buying a home is possible and start exploring solutions, connect with an expert agent and trusted lender.

We are starting to get $1,200/month there.