I have several current and former clients that have done similar projects, mostly in neighborhoods where either 1) they grew up in the neighborhood, 2) they still go to church in the area, or 3) they have a relative that still lives in the area.

I learned a lot from both projects and hope to learn more. 

Purchase price: $205,000 Cash invested: $350,000 Our first project together.

It’s also worth verifying if Beaumont and Port Arthur have any specific contractor registration or insurance requirements, as local compliance can sometimes impact project timelines. 

@Ryan Cousins it's really going to depend on YOUR analysis/projections of what you think the property will be worth in the future.You'll want to compare that to any capital gains tax-savings if you sell now.

The 7 isles project hasn't even started.

Hey James, what a col project!

While every project is unique, the basics he highlighted are essential parts of any construction contract.

DSCR loans are usually what I recommend to ensure approval as your qualification is not based on your income but the projected rental income of the property.

Or take the proceeds and do the next project.