@Marquez Davis You can expect a lot lower leverage with land purchase, but as @Sasha Mohammed said, there are products for ground up construction that roll the costs (horizontal and vertical) into the overall construction budget.

He has acquired the land, gotten the permitting, has construction financing lined up but needs ~20% cash equity / home.I know very little about his particular real estate market, and I've never built anything myself. 

This drives the higher rates.Where I operate it is becoming much harder to find deals with enough meat on the bone to use the 40kflips system and Freeland Funding.  

For your other new construction project we can get you funding for up to 90% of costs, please let me know what your credit score is, you may also want to bring in a credit partner. 

I have a background in design and come from a long line of handy people as my Grandfather and Father have both done their share of renovations and home construction.

If that isn't a typical day in real state investing (construction, project management, etc), I don't know what else is.

it's hard to do that as an agent, easy to do as a spec or volume builder or developer if you have floorplans you like, etc. we build triplexes happy to chat and help you understand the market better here and see if new construction is for you 

A real estate agent with knowledge of investments, analyzing deals, knowing construction, and having crucial contacts will drastically improve your odds of success.

I work with new construction duplexes in Indy that are a great fit for investors looking for turnkey options without the headaches of major repairs.Feel free to reach out if you'd like to chat more about how to get started in 2024 or explore some out-of-state options.

Time is something I would have to consider; thankfully, our family business is construction, so hopefully, I'll be able to get those answers quickly!