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Updated 3 days ago on . Most recent reply

How is your new construction going?
I have really been wanting to get into new construction. At this point I have flipped around 20 houses and Brrr'd several more. I always hear such mixed things about new construction (same with flipping too though). I would love to hear from some recent smaller builders how things have gone for them and what to expect with tariffs and that affecting price of construction for new build?
I had a piece of land under contract to build 3 affordable homes on ($275-325k in my market, 3 bed 2 bath with 2 car garage), had the land under contract for pennies, but it was problem after problem discovering the seller did not own the lot behind it like they stated (backed up to another street) and a mortgage had recently been pulled out on it. Retention pond encroached on the lot more than originally anticipated and the very slight slope we learned was needing stim walls put on it, in addition to 2 set of telephone pole easements. We ultimately backed out.
I would love to hear what peoples strategy has been, what profits have been like, if you went affordable, or luxury, townhouse, multifamily, or single family, and what that experience was like. Any information would be greatly appreciated!
- Johnathan Trimble