Investing in New Builds: Considerations and ProcessNew Build Investment Options:Build and Sell (Fix and Flip):Pros: Potential for high profits with modern appeal.Cons: Requires significant upfront investment and market risks.Build and Hold (Long-term Rental):Pros: Attracts quality tenants, potential for higher rental income.Cons: High initial costs, market fluctuations.Process Overview:Market Research: Identify high-demand areas.Land Acquisition: Purchase suitable land.Design and Planning: Work with architects and obtain permits.Construction: Oversee build quality and manage costs.Marketing (Fix and Flip): Highlight new features to attract buyers.Tenant Management (Rental): Implement thorough screening processes.Advice:Educate Yourself: Understand local regulations and market dynamics.Risk Management: Prepare for potential delays and cost overruns.If you have any other questions/just want to discuss feel free to reach out to me directly!

A book I’m reading mentions “taxes” should be included in operating expenses but they don’t specify what type of taxes.All it says is “call your local county or look online at the county assessor’s page”No clue what that means, could someone clarify what taxes they’re referring to?

In addition, the rent is capped at the tenant's income and the local market rates, so it may be less than you would receive from a tenant who is not a Section 8 tenant.

It depends on the local laws but1.

I know the local market well and can guide you through the process of finding the right property or selling yours.

I want to connect with our local real estate professionals to expand network. 

Yeah, the irony is the locals are the ones that will miss the not on the Detroit opportunity. 

I am always ready to talk local residential real estate.

Hello I am a local investor in Northwest Indiana.

Explore articles, forums, podcasts, and connect with experienced investors who have gone through similar journeys.Understand Local Market: Research the real estate market in Missouri, especially in areas where duplexes are prevalent.