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Updated over 9 years ago on . Most recent reply
Construction loans
Hi all - Quick question, has any had any experience with a lender that will do construction loans on an investment property? Duplexes in particular is what I was wondering about, I'm in FL.
Most Popular Reply
Hey @Karen Margrave, My experience in construction? Very little, I've built one house myself, owner/builder 14 years ago. I reno flipped 3 places, and and renovated the 6 rentals I have. I'm definitely not a developer. I am not looking to do anything spec, I am looking for longterm rentals. I've been trying to buy more, but the numbers aren't working for most things I find. I have a number of vacant lots, so was thinking about looking into building new rentals. Not sure if it's a good idea, but wanted to see if I could even finance, and what the terms may be like.