3 More Homes Under Construction
Well I have closed on 3 more construction to perm loans and contracted to have 3 more homes built. The homes are being ordered and the lots are being prepared. I learned from some mistakes on the first home (I hope to put a page together of the mistakes I made and the corrections to share them with you all, keep checking back).
These are three 1,800 square foot starter homes, that my goal will be to rent and possibly sell. I figured I can use the cash flow and if I find the right tenant who wants to own, I can sell and build a replacement. I am still working on the Duplex concept, apparently not a lot of people have done this. Finding the right lot that is zoned for multi-family is difficult as well.
These homes should be done in a few months.