I also liked the fact that it was structurally sound with concrete block construction, a tile roof, and high elevation.

Given the current market conditions, new construction and turnkey properties tend to offer a more stable and lower-risk entry point into real estate investing.

Quote from @Donald Hatter: I would buy a $400,000 new construction home which could appraise for $430,000 to $450,000. 

In this episode of 'Ask the Expert,' I dive into why multifamily properties, especially new construction triplexes, often come out ahead.Here’s the breakdown:Cost Efficiency: Building a single-family home requires one $25,000 slab.

I have solid cash flow, but i make more money from service type business's, like property management, construction and Realty services.  

I went back through all my numbers for 2024 and subtracted all the construction costs of improvements we have made and found quite a bit... so once I remove all that net profit looks like $110k. 

Nearby new build 3/2 SFRs start in the mid-200's, and there's a lot under construction.

And your Realtor would know more about what’s typical with new construction in your State, but I feel they should be fighting for your interests, and be the one having the conversation with the sales rep about a reasonable amount for the earnest money deposit, on your behalf.Glad you haven’t signed anything yet and hope you manage to come to terms that work for you.Keep us posted!

Traditional bank financing with a construction loan for repairs

Ongoing construction projects valued between $26 billion and $30 billion fuel employment opportunities.