1 thing you can do is to go register at Home Depot as a Contractor, this will give you access to supplies so you have an idea....for labor call a contractor and ask what he charges...X's how long you figure the project should take...and there you go...go do it several times and you should be pretty close.

I would like to get 100% financing for the completed project, which would still be significantly less than sell price.3.

If you can not stand to loose some money you should not be geting into building spec homes. 4) As you seem to have no track record it will be tough to figure the total cost of a project... hence you will not know what your profit margin would be and what your downside could be if the market turned on you.The beaty of flipping is that once the place is renovated you can rent or sell.

Hello Tom, It would be better to have a project in mind and be able to send a proposal to the lender with all the information.

There are many ways to fund projects.

I know where the money is and I help RE investors find the funding for their projects.

Whelp,I'm taking on my first building project :idea: Now,I'm young (just turned 20)...and in the past year, and initial year I've been investing in real estate.....its been damn good for me, flipped 3 new constructions before they were built and actually never made a single payment (except a few on the last one), w/o using ANY liquidity.

We have 32 acres of land 50 miles south of Chicago, that is zoned for single family use.Development Plans for 1/2 of it have already been drawn and approved and we can start sewer water and streets at any time for the first 40 lots.What can we do to make these homes available to families with lower median incomes without us losing money on the project?

Hello, First, your project is the basis of a loan with a HML.

I've never done a project like what you're suggesting, but no one else has answered so far so I'll pitch in my $.02You want to first make sure land is zoned for your purpose; I've heard that it can take 6 months for the government to approve zoning changes.Constructing 6 5 bedroom houses: I have no clue.