If you don't have construction experience, I wouldn't start flipping.

The current costs of construction are so high that you can just find more bang for your buck buying as opposed to building.

New construction can offer many incentives for interest rate buy downs.

For C to B-Larger developments announced nearby-Increased activity in new construction-Building of commercial retail in or near the neighborhood. 

My cash to close was 62k because of construction holdback from lender.

Tell the lender you want a construction loan online of credit.  

Hello Mike, It is nearly impossible to answer this question without taking a deep dive on the numbers of each but often times in expensive markets like Seattle the cost of construction is so high that it doesn't make sense to tear it down unless you can build something way bigger/nicer.

Cost of construction is expensive and about to get worse.

I filled out their survey and provided some constructive feedback, even though I don't own a STR here.

If you acquire one new property each year, you could significantly increase your wealth and potentially position yourself to qualify for larger investments, like apartment buildings or construction loans, within 10 years.I’ve worked with clients who have successfully implemented this strategy, and it has proven to be an effective path to building long-term financial freedom through real estate.Good luck with your decision!