At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

A lot of buildings don't have a carrier willing to insure at all.

My real estate agent thinks I'll only get 1.1 million for my home but due to a few factors I think it should be more. 1.

i found in my build projects that started just before and continued through the pandemic prices rose. everything but lumber became sticky IE they rose but did not fall..

We measure against 15 different factors.

What factors should I consider when making this decision?

On my new builds we hit the double cash on cash in certain markets sometimes its only 50%.

Where you fall in that range will be dictated by bedroom count per unit and the quality of the area/building itself.

When the whole covid shutdown occurred, I dropped out of college to help my father's service business maintaining and remodeling residential and commercial buildings.

Quote from @David Cooper: Quote from @Lauren Sanford: Quote from @Jim Rice: Lauren, really just trying to put together a group that would what to meet up if possible and share education, information & build relationships.