How can I profit from new-home construction?

New book makes home building seem less daunting

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

This unusual new book, "Building Real Estate Riches," by Chris Condon is about building new houses as investments, selling tax-free, and then doing it all over again. That's a quick summary of this unique book. The basic idea is to find a buildable lot, construct a new house on it, move in, live there for 24 months, and then sell for a tax-free principal residence sale profit up to $250,000 (up to $500,000 for a married couple filing jointly). Purchase Bob Bruss reports online. The basic premise sounds simple, but it isn't. As the author explains, there are lots of mistakes to avoid and many techniques to use to enhance profits on the new house you either construct or have built for you. The key to success, Condon emphasizes, is to keep lot-purchase and construction costs low. He explains his cost-cutting ideas, based on working for two of the nation's top 10 builders, for many years. Frankly, I wouldn't want to be the buyer of the author's houses. He explains how to slash cost...