Cash invested: $3,600,000 Closed on this 112 unit, 2015 construction beauty in Feb 2019.

Account Closed, few things here:Please post all of the expected financials so that we can offer constructive opinions.

Since my colleague and I work full time at a construction company he doesn't really have the time to search properties for me like a full time agent would. 

Also, they may not bring enough value to the property to justify the construction costs. 

We sought out to leave 30% into the deal but being over our construction budget we may need to do 75% so we can take most of our capital out, again depends on what the appraised value will look like.P.s I was just in Austin over the week, so far its been a great city!! 

I have a question regarding construction bids.

However, they can be finicky and difficult with non-owner occupied loans.You should also look into rolling the construction numbers into the loan to make it a higher amount. 

Should I buy a new construction house to take advantage of the price?

@Candace Price @Jay HinrichsJust invest the 2 mil with jay and his new construction empire

Account Closed you would have to create more value through the construction than the original loan and construction combo.