Investing in New Builds: Considerations and ProcessNew Build Investment Options:Build and Sell (Fix and Flip):Pros: Potential for high profits with modern appeal.Cons: Requires significant upfront investment and market risks.Build and Hold (Long-term Rental):Pros: Attracts quality tenants, potential for higher rental income.Cons: High initial costs, market fluctuations.Process Overview:Market Research: Identify high-demand areas.Land Acquisition: Purchase suitable land.Design and Planning: Work with architects and obtain permits.Construction: Oversee build quality and manage costs.Marketing (Fix and Flip): Highlight new features to attract buyers.Tenant Management (Rental): Implement thorough screening processes.Advice:Educate Yourself: Understand local regulations and market dynamics.Risk Management: Prepare for potential delays and cost overruns.If you have any other questions/just want to discuss feel free to reach out to me directly!

That's the initial impression.

I personally wasn't thinking ahead when I formulated my initial lender relationships.

They both took a month to sell, sold for WAY below initial asking price (we had to price-reduce, which we had never had to do before).

For my first property, the appraisal came in $25,000 lower than expected, which initially concerned me.

Unfortunately, the process has been much slower than anticipated, and we are still not ready to list the property.Additionally, the costs have significantly exceeded our initial expectations, and the property manager has not been very responsive or clear about why this is happening.

I had issues with the initial abatement contractor.  

However, since he asked to paint it, I assume he wants to take the initiative.

Create a Proof accountYour documents and transaction details will be securely stored in your account where you’ll also be able to initiate future notarizations and eSigns.3.

Happy to hear other options or how this should have been done initially.