Good to have a solid GC in place to spearhead the construction if you are new to building.

Cash invested: $500,000 Sale price: $1,049,995 Contributors: Jess Haas Remodeled, condoized & sold the existing Victorian duplex to breka even while making a large profit on construction a new DADU / SFH w/ rooftop deck in the backyard.

Cash invested: $500,000 Sale price: $1,049,995 Contributors: Jess Haas Remodeled, condoized & sold the existing Victorian duplex to breakeven while making a large profit on construction a new DADU / SFH w/ rooftop deck in the backyard.

Purchase price: $700,000 Cash invested: $100,000 Sale price: $849,995 Contributors: Jess Haas Remodeled, condoized & sold the existing Victorian duplex to breka even while making a large profit on construction a new DADU / SFH w/ rooftop deck in the backyard.

I’m currently selling a unique Airbnb property in Cabo San Lucas, Mexico, which is partially constructed but operational with two rooms.

If you can coordinate your purchase with the Menards 11% off Rebate Match that is tour best bet.

Back o the original question assuming the 1st loan will allow a 2nd smaller local banks will be your best bet or a true Private Lender.

Construction to Permanent How did you add value to the deal?

No one knows what the future will bring, so I would not make an all-or-nothing bet on refinancing in the next year or two. 

The same problems and policies that contribute to the things that make the headlines in SFO also may contribute to huge barriers to entry for new construction, inflating rents and asset values long term.