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Build a house to rent out OR buy existing house

DonnieclarkView Profile
Points:231  User group: Acolyte
Post time: 2017-12-11 05:17 am
Hello,
I have the ability and knowledge to build four new construction single family homes with a construction loan but usually higher interest rates. However, I think there are some good single family home deals on the market currently and would need a loan. Does anyone have an opinion on which I should do? I struggle with this because I have four lots that are paid for and all utilities to the lots. I can build the houses for $80,000 (very simple) or purchase on the market properties for around $125,000.
Please help.
Thanks!
I didn't find the right solution from the Internet.
References:https://www.biggerpockets.com/forums/44/topics/516560-build-a-house-to-rent-out-or-buy-existing-house

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