My long term goal is to build a rental portfolio then move into new construction which is what I’m really looking forward to.

Devon L.Welcome to the site.Knowledge in accounting and construction.

You can do well in Independence, Raytown, Grandview and near the old Bannister Mall where the Cerner project is under construction.

I am Tatiana, the background part of the team for Jeter Construction here in LA and Orange County, CA.Al (Jeter) does construction contracting for real estate investors and we recently began investing in our own flips.

Hi Ben, If you are unfamiliar with home repairs and construction I would not start by flipping properties.  

I am new to investing, but I am not new to the construction side of the industry.  

I am new to investing, but I am not new to the construction side of the industry.  

In some states constructive notice, essentially posting in a newspaper with adequate circulation, is sufficient for junior liens.  

The price was at one time $65k and reduce to $54k and now its at $38k my offer. i jump in and made an offer on this property which is a pre-construction home meaning about 60-65 percent completed.

The ARV will be the value of the new home...and you'll probably want to compare against other similar new construction, not renovated homes, to get the most accurate resale value.If you'll be subdividing, you can look at the project in various ways, but the easiest is to probably just count the ARV as the combined ARV of both houses, and then the expenses would be the combined expenses of both houses -- including the tear-down of one house and the cost of the sub-dividing.If this is a local project and you want some specific advice, don't hesitate to reach out to me...I know Howard County pretty well and have built new construction here...