When running your numbers, if purchasing a home that isn't new construction and less than $1MM, I would estimate 1% - 1.2% of the purchase price as your annual insurance premium. 

Luckily, I am in construction and have a background in renovations. 

I’ve seen folks pivot their plans quickly if they discover one city has friendier permit processes than another.And yeah, the Phoenix area has some really down to earth investor meetups, from what I’ve heard, that can help you level up fast.What aspect of the business are you most excited to tackle first.. managing construction, or scouting out those under the radar leads?

On a New Construction Loan, we can provide 100% of Rehab, but use the Land Value towards the overall equity. 4.

2) How much do you actually know about construction?

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

Hi Steven,It sounds like you and your wife, Renee, have a wealth of experience in the real estate and construction fields, which is a great foundation for starting your real estate investing business.Given your background in residential remodeling and home inspections, and Renee's experience as a real estate agent, you're off to a strong start.

I was previously in construction equipment rentals and did real estate on the side.

Further enhancements included constructing a back deck and repainting the interior to modernize and enhance the home’s appeal.

In my market of Oklahoma City, you can buy new construction under $250k in good school districts.