We built a house in a neighboring city and found that money is not really made in the new construction field, so we decided to start renovating instead.How did you find this deal and how did you negotiate it?

(Background in basic construction)I’d like to have this job to pay bills until I’ve acquired enough properties to move on from it.

Please be sure to engage qualified professionals to help you during the planning stage as well as during the actual construction phases.

Does anyone have any recommendations for an insurance company that will insure a finished and updated, yet vacant multi family building (not a remodel under construction)?

I think the duplexes would be better in terms of phasing the construction with the bank, and I know in my city anything over 4 units needs to meet all the efficiency and environmental guide lines, which drives the cost of materials.

Great schools, great growth and the area is still fairly hot for construction and sales of existing.

Managing construction can be a lot more difficult than you think starting out - contractors will throw change orders at you, they will take longer than expected, and sometimes, they will leave the job with your money altogether.

We used a local bank, Lowell 5, for an acquisition + construction loan.

It was a big undertaking and learned tons of great lessons for the next projects to come.

I have been around new home construction for several years as well.