I also liked the fact that it was structurally sound with concrete block construction, a tile roof, and high elevation.

Quote from @Donald Hatter: I would buy a $400,000 new construction home which could appraise for $430,000 to $450,000. 

I used a construction loan.4.

In this episode of 'Ask the Expert,' I dive into why multifamily properties, especially new construction triplexes, often come out ahead.Here’s the breakdown:Cost Efficiency: Building a single-family home requires one $25,000 slab.

Many investors are attracted to lower price points but end up losing money because cheaper properties are higher risk (not good locations, rough tenants, lower quality construction, etc.). 

Myself being a GC, developer and construction consultant as my main business... the question of GC licensing has never been a factor in lending or in selling for me. 

Nearby new build 3/2 SFRs start in the mid-200's, and there's a lot under construction.

Ongoing construction projects valued between $26 billion and $30 billion fuel employment opportunities.

Traditional bank financing with a construction loan for repairs

I bring 10 years of experience in construction (flooring, bathroom and kitchen renovation).