All Forum Posts by: Cameron C.

Tagging along to what Paul said, you can also check out the HomeReady from FannieMae. You may be able to get a higher approval, but that will depend on your DTI - which may be what is already limiting your FHA loan. But that is just an assumption.

Well, where do you want to be 10 or 20 years from now? 

I glanced over the course and the core classes are relevant and of value to you - if what you want is to be is a competent property manager and run hotels or apartment buildings. 

You say you're looking to get into the world of real estate. Can you elaborate? Do you want to manage buildings, flip houses, or something else?

I am interest in this too. So let me know. 

I have this book titled Construction Management by Paul Netscher. It guides you through the process from concept to a finished building and beyond. The only drawback is that it has a broad scope. You could be building a residential house or a new baseball stadium. The steps are more or less the same although at different scales. 

Anyway, I believe the book is well worth picking up if developing is something you think you are interested in.

When you're selling an older house that needs work you find comparable properties and price accordingly. When you're selling a rehab you can have a higher asking price because of the value you added. My question is when a new property is built on a new plot, what makes it worth having been built. 

Say you buy a similar sized lot (to the lots around it) in a 300k neighborhood. You have a similar home built there with the intention to immediately sell it. After all the permitting, materials, labor, and associated cost are payed the total cost was $290k.

In this case would the market value be determined only by demand for that area? I assume there would be at least a slight premium for new construction too, how much?

If there's key information missing or some of my assumptions are wrong, just make some up.

This is my first post - I tried googling this.

As I wrote this I realized: 

-individual homes are normally custom built with the intention for the owner to live and enjoy that house, so a lone house being built to sell is unlikely. housing developments add scale