Top 5 Construction Mistakes

On today’s show we are looking at the top five mistakes that rookie investors make when it comes to projects that have a construction component.

1. Failing to sync the construction contract and the lending terms

2. Failing to budget for pre-purchased materials that will not be included in construction draws until much later

3. Failing to bond over offsite improvements

4. Making sure you have the right type of construction contract for your project.

5. Making early design decisions that cascade a trail of increased costs in the project.

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