The other hurdle many run into is that you need to have funds to close and cover reserves in a US based bank account.  

Let me know if you'd like to hop on a call to chat, but this is one of the reasons why I mostly advise clients to always negotiate vacant delivery on properties before closing. 

IF you are going to take a loan out for redevelopment you are going to get an appraisal anyhow to close. 

A new build needs to perform better than that to make it worth your time, all the risks and capital concentration.thanks for the advice everyone and would be happy to connect with you: @Bryant Brislin @Dave Wells @Leilah Davis @Joshua Stewart I have been building 15 to 20 spec houses a year now for 7 or 8 years..Just curious, generally from start to finish, from closing on buying the land to collecting a check after building the house and after escrow, how long is the process taking you? 

We closed 7 assumable investor properties last quarter of 2025 in Colorado.

Says they are "fly by night," never returned my Deposit, Closed in Austin, looking for more "Suckers in Tampa, Florida." 

It’s not even close (FT).

The sale and acquisition closing benefits are real and material.  

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

My wife and I just closed on a duplex in Oakland, but the basement/garage was already converted into a separate living space with a bedroom and bathroom.