This deal was found on MLS and is a new construction 4/3.5 SFH with DADU and I purchased on n FHA owner-occupied loan.   

One perk with these companies is that they often extend the lease as construction timelines are notoriously difficult to estimate.

So I learned the business of Construction through flipping as far as how it should look, fair pricing, the language of contracts, but with Nate I learned the strategic strategy and ready to get started building my portfolio! 

.* 1.5 miles away from the new billion dollar Inova Landmark project which will complete in 2028* The Duke Street corridor from Landmark to the King Street Metro Station has the highest ridership in the City and will be under construction in 2026How did you find this deal and how did you negotiate it?

Thanks so much for the constructive feedback!

I grew up with a realtor for a mother, but she’s not too well informed on new construction.As it stands today, I have roughly 70k liquid and looking to invest in building a new construction home for profit.

If you decide to self manage and want help with other functions we can totally help out.We also buy and sell real estate (candor realty), have a repair and maintenance company (CMR Construction) (includes snow plowing, lead abatement and full fledged rehabs) If you need any of those support services please let us know.

I have enough construction/rehab experience to estimate a rehab cost.

For example right now there are lots of new construction sfh options at/under $300K if you are thinking long term rentals.

Thanks. because existing is super messy and lower returns for general contractors and HIC, I'd recommend looking at new construction too. start to finish 120 days right now on 1-3 family is what our market is going for high volume spec homes that have been built before.