New Construction Process?
I have some questions about building new construction. I am wondering what is the process, were do I start? Should I secure the lots first, then find a builder or vice versa? Do I buy the lots on my own or with the builder etc? I have experience in doing rehabs and in other real estate investment areas but not this one. Anyone who has experience in this, your advice would greatly appreciated.
this is such a broad question i am not sure where to begin. If you want to get into new construction and hire a GC to handle the field management, I would suggest meeting with different builders, getting to know them, etc. until you find one that you feel you can do business with. During that time I would start looking around for building lots to do a project on.
So to answer your question...i would push both fronts at the same time.