Welcome to BP.

Based on the fact that new construction is currently at a relatively low premium when compared to existing construction, I think this strategy might be a good option.

There are too many factors to consider to just provide base rates for what you're asking. 

These groups are goldmines for finding mentors, reliable vendors, and other investors to learn from.Property ManagementChoosing the right property management company can make or break your experience.

Do you know people doing this?

We have an existing mortgage (backed by these 2 lots and 2 others) and given the increase in appraised value there is no need to pay anything back to the lender when selling the lot.

Congratulations on your success and hope to see more of your stories. 

We're still learning and have much to learn.

We’ve seen this issue cause otherwise wonderful new builds to sit on the market because it just doesn’t work with peoples furniture. 

@Christian Rodriguez  Typically there aren't any restrictions on how you want to use your cash once the Heloc has closed.