Why new construction?
Why new construction?
Why new construction? - Fourth post
Today I want to give you another piece of evidence on the topic of new construction. Anyone who works long enough in the field of improvement will probably agree with me that there is a lot of effort in finding a good deal for Flip, checking the deal for all its parameters, closing the deal and financing it, planning the renovation, renovation management, and then the home sales process including the job of the realtor in finding buyers, negotiating The terms of sale and conduct with the buyers in order to make all the repairs they ask for following the home inspection that they made.
And so on and so on for every new deal.
When I buy a deal of several lots, I'm in the same effort of one single deal, closing a job for a whole year! I found a deal with several lots, the test is one, the closure is one, designing the house model will usually be the same design except for slightly different upgrades or models, the same effort of marketing marketing that sell the same project, it is much easier to find buyers for a new home, you will usually pay what you That you want because it's a new home. Will not come with a huge list of deficiencies as they require to repair in a renovated home.
And if that is not enough then there is a huge shortage of new homes in the US today, a great opportunity for those who understand.
For those unfamiliar with me, my name is Noam Segal, a software engineer for me, and a few years ago I left the gold cage and entered the real estate field in the United States at first with praise and then came to a new building and my activity is focused today. Likewise, I was accompanied by entrepreneurs at the outset.
I want to tell you with permission from "Bieber" because this is the fourth content post, for those of you who have asked me before if I can teach him about new construction, the course I promised is off! In the course you will learn and make money from everything I have learned about my meat in recent years.
What will happen in the course?
• How to examine and find transactions below the market price in the new construction sector
• These tests should be done before a construction project and how can you save a lot of money with the right tests
• How to choose a contractor that will fit new construction
• Dealing with the contractor including contracts, payments and more
• We will learn about the construction process including approvals, construction stages and tests during construction
• Evaluate costs and choose the right finishes for the project to maximize profit
• Taxation, financing, insurance
• What MEMOs can be and what to watch out for
• Numerical examples of real projects
For more details contact me
Noam Segal
052-5837363
[email protected]
Pictured: Affordable house we built in one of our projects.
Link to the original post in the United States Real Estate Forum on Facebook - Works on a desktop computer (To view the post must be members approved for the forum):
https://www.facebook.com/1885945295012997/posts/2241081546166035
The original responses to the post can be read at the bottom of the current post page on the site or in the link to a post on Facebook and of course you are invited to join the discussion
Nadav Doron
Nati Kovari
very interesting. I liked your arguments. I've always been against New Construction because it seems complex and complicated to me, but I'm convinced that in the end the same effort can be invested in a well-defined place, and I have come across new homes now. I'll try to find out if I'm eating in a certain area I've kept an eye on in Cleveland if there are vacant lots.
Excellent. In what area are you active? Beautiful properties I always say I wish I should live in my properties… Even 200a it is definitely achievable
Orr Kichin
Engaged in new construction for 4 years. The only ones who benefit are the developers, the contractor, the tax authority, the accountant, the brokerage company, the management company, the pest control company, the insurance company, the local property tax.
And you investors? There was nothing left.
From real experience, unfortunately.
After neutralizing the fall in the dollar exchange rate from 3.9 to 3.6 ......
Only personal entrepreneurship will bring about a return.
Every partnership with the entrepreneur gives him the maximum return and leaves you with the worries and waiting for an increase in value that will not happen.
Construction for rent - operating costs cut half of the rent.
Construction for sale - the sale cost that reaches 9% of the sale price will cut you all the profit.
Unfortunately overall disappointment in most projects.
Noam is affordable?
Thanks to Noam Segal for 4 great content posts! As part of the forum's forum program in the fourth post of content - Noam is interested in telling you about a course that sounds definitely interesting and deals with new construction. As we know, we allow all content contributors to indicate at the end of the post: name, company, position, email, phone, website. Feel free to contact Noam about the course. Good luck Noam and thank you for contributing knowledge to the group!