During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.

Contact a couple contractors to see what the cost would be to add the addition.

To discuss other side of this thought process on new builds..

It’s our responsibility to protect each other from harm and uphold the values that build trust and success.Unethical practices not only hurt individual clients but damage the reputation of our entire industry.

This is anecdotal, but I come across of ton of GCs looking for spec-build financing in local meetups and networking groups, such as on facebook on in person meetups. 

I am going to be the contrarian on this subject.. 1. the pre license course is valuable as it teach's the vocabulary of real estate and the basic laws of your state.. its dirt cheap and one of the better ways to build your foundation. 2.

If you build a good relationship with a local realtor, they can assist.

How many new builds have you completed in the last xyz years?

Draft precise agreements outlining loan terms, manage risk by diversifying investments, and build relationships with real estate professionals.

I hire a contractor to jet the line.