S1E27 - Construction Costs For Real Estate Investors In 2024

Joseph, a direct private lender in the asset-based lending space, shared updates about the company's offerings, which now include single family 30-year fixed loans, DSCR, and new construction loans of up to 90% loan to cost. He also mentioned that the company provides portfolio loans and unsecured business side accredited strategy discussions.Joseph discussed the current construction costs for real estate investors in 2024 and highlighted that the company offers a rehab construction budget spreadsheet to help evaluate deals. He also touched on the rising trend of home ownership waning, with more people opting for renting and buying investment properties instead.  Joseph discussed strategies to reduce construction costs in real estate development. He emphasized the importance of planning and designing efficiently, using cost-effective materials, optimizing construction processes, negotiating with contractors, and utilizing technology to improve efficiency. He also highlighted the need for being economical in decisions and having a contingency plan for unexpected costs.A buy-and-hold investor himself, Joseph offered advice on how to save money on materials and labor by shopping around, doing work in bulk, and considering less conventional options. He also warned against overestimating one's abilities and highlighted the potential risks and costs of unforeseen issues that may arise during construction. Contact Our Sponsors=================Perkitech - https://perkitech.com/Built Lending - https://www.built-lending.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Built Lending - https://www.linkedin.com/in/josephvscorese/Contact Us===========Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/Email - [email protected]