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.

For me it’s been one of the best ways to get positive cash flow- hands down.

Keep me posted on what you decide to do!

It's brand new inside.

Even if the tenant can’t pay, it sets the expectation and documents the issue.Small Claims Court: If the tenant refuses to pay, you could take them to small claims court, where you can seek repayment without needing a lawyer.Security Deposit: If the tenant has a deposit, apply it toward the damages.Consider Eviction: Given the arrears and damage, eviction might be a last resort to prevent future losses.Talk with your property manager to create a plan that minimizes further risk.

My friend buys it for $1,000,000 and then sells it to me for $100,000why don't people do this?

Just consider how you will enforce it.

Do you understand that asset class and market?

So after a long and healthy Tech career I thought it was time for a change.

When I first visited I was surprised at how undeveloped it was.