The construction cost has been soaring in the last 3 years in the Bay area (I work in the corporate construction industry and our project management office is forecasting 10% escalation in all of the MEP trades in this year).

Thanks to the rest for the constructive feedback!

I have a backround in construction and have always wanted to try a flip.I live in Bergen County NJ and work in NYC in the finance industry, and I am looking expand and collaborate with like minded people.  

For the past few years I have been the onsite construction manager for a ground up residential construction developer in C.C.

I did 7 in 6 months and that was when there was on average only 5 or 6 listed while I worked 7-5 in construction.

If you want to create massive wealth wholesaling, flipping, new construction can do it for you.  

HiI was wondering if a pre-sale of a property, or selling shortly after it is constructed and move in ready, is subject to the same tax laws the same as a flip?

I just wanted to create a post to spread the word that I would be happy to help my fellow BP colleagues with any questions that they might have relating to building permits or construction techniques. 

Run your construction draws through the title company.

he or she should be able to do a financial evaluation in just a couple of minutes.If you can get over dealing with someone who's perhaps even a serious buyer, and can realistically show enough meat on the bones, you should have no problem selling these properties.