LOLOriginally posted by HiTempguy1
Haters gonna hate. If all entrepreneurs and business men listened to the naysayers, nothing would ever get done.
If you build the house to current design trends, and manage costs, it may take a lot of your time, but at the very least you aren't going to lose money. It's all about whether the ROI is worth the risk you are taking.
You think he isn't going to lose money? Based on what?
If real estate tanks another 15% YoY for the (at least) year or two he takes to build this, it will be nearly impossible to make money. That doesn't include unforseen schedule delays due to weather/contractors/permitting/etc. And I'm only just scratching the surface regarding risk.
@ OP, like others, I'm not specifically trying to shit on your idea. I sincerely hope you succeed if you do go for this. I also sincerely hope you don't listen to someone who says you can't lose.