There is a local home builder that can build a small 3/2 house for about $165k. If I was to negotiate buying a few houses from them and getting the price down enough would a bank/lender allow me to brrrr new construction? Or maybe I find the land and am the contractor. Anyway has anyone done this?
Hey Rick I am pursuing this same strategy and was curious if you had any success or had any suggestions.
I have not. It seems like it is not a strategy that people currently use. Plus right now lenders seem to be requiring me a down payment which is not allowing brrrr. Its fine for a flip cause I will make money back but to buy and hold I dont like having so much of my own money tied up.