New construction flipping vs rehabing houses flipping

[Ciro Cuellar]

Hi, I was curious as to what were the key points, pros, cons, differences that anyone considering new construction vs rehab flipping should consider?

[Michael Plante]

I thought you meant flipping newly built houses 

Look into new construction flips meaning buy it already built.  Put up for sale a few months after completed

a risky game IMO but can make literally hundreds of thousands of dollars for putting the money at risk   With zero fix up 

Why?

There are people who have the money to get what they want now rather than wait to have it built.  Eg they want a house it will take 7 months + to complete and will cost them 1.2 million.  OR pay the investor 2 million and close in a month 

this is being done in central FL 

By Disney.  Purchase price 1.2 million. 

Investor bought 3 or them.   1 year later sold all 3 For Over 2 million.  approx 3 months ago 

tbey have now contracted to have 5 houses built for approx 2 million each.  With plans to do the same