I think stepping into development and new construction could be an exciting path to explore.What’s your take?

I think stepping into development and new construction could be an exciting path to explore.What’s your take?

New construction, negotiated price.

@Danny RandolphYeah, I’m currently in the construction field and we usually get a 20-40% deposit, then get draws after certain stages/inspections have been passed

My background really comes more from construction and development in residential and retail construction.

@Kent FordI agree with @Ryan Konen regarding areas like San Antonio’s outskirts, parts of Fort Worth, and growing cities like Tyler and Lubbock, which are becoming popular due to relative affordability and job growth.We will see an interest in smaller metro areas where prices are more accessible and a surge in new construction aimed at entry-level buyers.

This method allows them to rehab multiple properties at the same time then the construction contractor sells them at market value to a buyer.

Quote from @Tenzing Palmo: Hello I’m looking for my first investment property in Dallas Texas, I live in nyc so I don’t The trick with new construction in many of the growth cities is that don't allow rentals in the HOAs or have super restrictions. 

They did not do construction draws you needed your own cash for that. 

New construction, builder preferred lender helped buy down rate, I negotiated builder to add appliances and blinds, and negotiated price.