I can't construct a more dangerous method of "buying" properties.

They will prefer working with local clients who they know and who work with them on their terms, their payment schedule, and don't annoy them (contractors typically enjoy the construction side of the biz much more than the sales/paperwork/customer service side). 

The first construction project after college that I managed went really well, and there I am thinking wow this is easy and the next three were extremely complex and made me realize “oh wow this is not as easy as I thought it was”.

The typical project sells out in 30-45 days, though one of them took longer.All of our projects have a detailed Purchase and Sale Agreement (PSA) that buyers sign with details on terms and construction timelines.

I am typically at the rehab virtually every day.  

I estimate total construction costs will be around $1.3M–$1.4M.His initial idea is for me to cover the construction costs, and then we split the profit once the project is sold.How would you recommend structuring this deal?

The clear path forward is simple: SFH construction in strong markets where sale price per square foot can better absorb today’s costs.

For investors branching into commercial or new construction projects, what’s been your biggest challenge so far — securing financing, managing costs, or appraisals?

If you’re going to build new construction in Philadelphia it has to be in a neighborhood where you can achieve $400+ ft on the out sale.

I have been in construction since a young teenager and have been a union carpenter for 2 years now.