Lot cost is $500K and looking to build these 2 buildings for $400K with an ARV of $1.2M - $1..4M depending on the finish out.Please reply with your recommended Austin area Home builders and General Contractors so I can start the due diligence and bidding process for those interested parties.  

I know Builders Risk Insurance kicks in once I start the build, however, I'm looking for liability insurance to cover the lot while it is just sitting there.

I know Builders Risk Insurance kicks in once I start the build, however, I'm looking for liability insurance to cover the vacant lot while it is just sitting there.

Hey GuysI'm a licensed general contractor in Grand Rapids and I have been a custom home builder for the last 5 years. 

Builders and flippers do it around here (MA) all the time with new homes and flips in the higher end.

I recommend just getting a good builders policy and disclose to your agent the work you will be doing to the home and the value you are putting into it.

This is a typical builder ploy to keep the fee low by subsidizing the HOA.  

I think there is tremendous growth in this whole area and builders can't put new inventory on the market quick enough. 

Since you are a pro, use the calculators provided under tools to help but here is my quick rundown on a post-it:Buy = $80kRehab = $30kHML Points = $3kHML Interest = $3k (assuming 90 days held total)Holding Costs = $1,500 (assuming 90 days electric, gas, water/trash/sewer, builders risk ins, prop tax)*Selling Costs = $10k (6% relator fees, 1.5% closing costs)Sale Price = $135kProfit = $7,500*I am taking a very high level guess on your holding costsFor me this is WAY too thin of a margin.

Here the builder says No.2. https://www.biggerpockets.com/forums/548/topics/37... here @marissa says some conditions can be satisfied to not trigger a reassessment.