Hope you all had a great weekend. I am a fairly new real estate investor who has completed a several flips in the Seattle area.
I have a new investor who is interested in purchasing vacant land in Snohomish County and building either a couple single family homes or townhomes. While I have a friend who's built a couple single family homes in Everett, I would love some further advise on this process. Is this seen as a viable strategy in the current market climate.. especially with current sky high construction costs?
Would love to chat with any investors in this sector. Any help is greatly appreciated!
Lender · Seattle, WA · Member since 2014 · 2k+ posts · 899 votes
5y
Daniel - if you will need financing for this idea - you might ask you friend what sources they use for their projects ....there aren't many traditional loan sources willing to make investment property acquisition/ construction loans
Daniel - if you will need financing for this idea - you might ask you friend what sources they use for their projects ....there aren't many traditional loan sources willing to make investment property acquisition/ construction loans
Thanks for the message Dave. I have financing already from a private funder. Just looking for advise on the acquisition/build. Thank you.