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Looking to start my first new construction project. Any tips on things to watch out for? Or things you wished you would have known when starting?

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Build in a 50% buffer - time and money

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Question everything Expect nothing Be ready to babysit Don’t pay all or even most up front. Pay for some materials maybe.

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Get lien waivers with each payment, pay all subs directly if you are using a GC (after they have stated ok to pay), and pay in small progress installments

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Your budget.

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As they say, don’t go grocery shopping when you’re hungry. If you can/want to, partner up with someone who has done it for a while and learn the ropes. This is almost a full-proof safety net. Knowledge is worth the profit split, trust me. After you learn everything from beginning to end, go take over the world.

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