Quote from @Chris Seveney: Quote from @Juan Vargas: I have a new construction that has been sitting on market for some time.

Lots of new construction near the North Lib/ Fishtown area, so that market is currently saturated.

Also with my new construction 100% COC is very common for us in one year or less but again who is going to beleive that is safe and real ??

These areas offer a mix of renovated bungalows, new construction, and industrial conversions, with increased demand from young professionals.

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.

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.   

Do you have a background or any experience, or reliable contacts in construction or development?

It’s crucial to stay disciplined here, as overspending on land can limit the funds available for construction and other expenses.Development Scale: I’d recommend avoiding developments in the range of 4-50 units unless you have a very specific reason.

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

If you are renovating your rentals you need to let the current insurance company know what is going on, if they send an inspector out there within the time you could get kicked from the policy too, and not easy to get back on one.