{"id":61,"date":"2020-01-02T16:16:00","date_gmt":"2020-01-02T16:16:00","guid":{"rendered":""},"modified":"2021-12-22T22:01:55","modified_gmt":"2021-12-22T22:01:55","slug":"investing-in-new-construction","status":"publish","type":"post","link":"http:\/\/mn.arenter.com\/coach2\/2020\/01\/02\/investing-in-new-construction\/","title":{"rendered":"Investing in New Construction"},"content":{"rendered":"

This morning I got a call for an opportunity on land and new construction.   There’s one reason I don’t like to invest in new construction and that is because I see it as speculative.  Land isn’t my favorite either, and the two of them go hand and hand.   <\/span>
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<\/span>First,  I like to have a very defined end to my investment.  New construction opportunities have a few different variables that are outside the control of the investor, namely the municipality.   I don’t like giving the success or failure to a government official.  The permit process can be variable for a new construction project.  Oftentimes, the permit process for rehabs are usually rubber stamped; however, not so much for new construction.  There are code issues, zoning issues, neighborhood politics, and all of that adds time to the project.  <\/span>

<\/span>Next, I don’t like the length of time for new construction projects.  I believe this adds unnecessary risk to the portfolio.  Short quick in and out projects are the best. <\/span>

<\/span>Lastly, this comes down to personal reasons, I don’t feel comfortable taking over the project if needed.  Since I’ve never built a house I’m not sure how to move the project forward.  Of course I can get a builder involved and get some experts on the team; however, did you know when you foreclose you don’t own the architectural plans?  Those are copyrighted and owned by the borrower.  What a nightmare and one that I’m not interested in getting involved with.   <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

This morning I got a call for an opportunity on land and new construction.   There’s one reason I don’t like to invest in new construction and that is because I see it as speculative.  Land isn’t my favorite either, and the two of them go hand and hand.    First,  I like to have a […]<\/p>\n","protected":false},"author":1,"featured_media":135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","footnotes":""},"categories":[21,20,18,22,23],"tags":[],"class_list":["post-61","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-housing-boom","category-investor-tips","category-opm","category-real-estate-investing"],"_links":{"self":[{"href":"http:\/\/mn.arenter.com\/coach2\/wp-json\/wp\/v2\/posts\/61","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/mn.arenter.com\/coach2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/mn.arenter.com\/coach2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/mn.arenter.com\/coach2\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/mn.arenter.com\/coach2\/wp-json\/wp\/v2\/comments?post=61"}],"version-history":[{"count":1,"href":"http:\/\/mn.arenter.com\/coach2\/wp-json\/wp\/v2\/posts\/61\/revisions"}],"predecessor-version":[{"id":136,"href":"http:\/\/mn.arenter.com\/coach2\/wp-json\/wp\/v2\/posts\/61\/revisions\/136"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/mn.arenter.com\/coach2\/wp-json\/wp\/v2\/media\/135"}],"wp:attachment":[{"href":"http:\/\/mn.arenter.com\/coach2\/wp-json\/wp\/v2\/media?parent=61"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/mn.arenter.com\/coach2\/wp-json\/wp\/v2\/categories?post=61"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/mn.arenter.com\/coach2\/wp-json\/wp\/v2\/tags?post=61"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}