New Construction Loans

This loan helps people buy an existing property and build a new one. It works in different areas and helps with investing. To get this loan, you need to have experience in building or renovating. The properties can be different types, like homes or businesses. The loan lasts for a year, but can be extended.

Building a new property can help investors make a good profit, just like fixing up and selling a property. After construction is done, investors can choose to sell the property or refinance using the BRRRR Method. The decision on whether to sell or refinance will depend on how long the property took to build, how much money it generates each month, and whether the area it’s in is growing. It’s a good idea to have a clear plan for what you want to achieve before you start investing, but if your plans change, we at AFC will always offer our best advice to help you succeed.

1. If you buy a home to flip it, it might seem simple at first, but as you start working on it, you may realize it’s a bigger project than you thought. When building a new home, you have more control and don’t have to worry about unexpected surprises.

2. If you’re planning to rent out a property, maintenance can be expensive and affect your profit in the long run. New construction properties are less likely to need repairs or replacements for key elements like the foundation, roof, flooring, and hot water heater, which means you’ll spend less money and make more profit.

3. When there’s high demand for real estate, it can be hard to find good properties to invest in. This program lets you explore more options, including empty plots of land and homes that need to be demolished.