Of course I did that.... before even posting on Bigger Pockets, but I'm not seeing anything specifically about this company, just a bunch of businesses with similar names that do construction.  

@Heath Shepard I'm not familiar with the builder, however, with this being a new construction CBS build, there's little to worry about regarding hurricanes and additional protection.

This is perfect for developers to tear-down and put a brand new construction home 4,000 sqft house which could sell around 2.4M. 

After doing the last project that included extensive extension, I realized that New construction was something that I was to pursue.

So by that "rule" you will have a lot to chew on.OR you could scan for well-constructed properties not in a flood zone and have a much smoother time.

So with another 100K in construction/fix up cost bringing the total to 500K it meets the 1% rule, obviously I would do more underwriting but I need to be solid on those comps. 

Otherwise you're looking at like a 8.99% 12-month bridge loan if you want to fund the construction piece too.

Construction Manager & Investor, DeveloperHi BiggerPockets community!

I had to construct metal stairs to the third floor.

I’m in the process of searching for land in the Houston area to then build a 4-plex on it.The plan is to self-fund the purchase & construction, rent the units and cash out with a mortage.I like the idea of serving lower income families and therefore don’t shy away from section 8.This is the first time I do something like this, so I’m throwing it out there in hopes of hearing your thoughts and learning from your experience!