All Forum Posts by: Paul Sofia

I'm asking if anyone knows of a reputable management company that can manage a small 8 unit apartment property in Mount Holly. This is for a client of mine. Thanks in advance

0 Votes

Charlotte, North Carolina

Quote from @Trevor Davis:

I bought a 5 acre property through the tax sale in June and finally getting title work finished. The property had an a small house that was falling in but the well and septic on it are all good. The land by itself appraised for $60,000. I am wanting to build a spec house on it but am curious about financing options. I have worked as a commercial project manager, have done live in flips, and have built my own house but I have no record as a builder. What are the chances that a bank will finance my project? What other options do you suggest. Thanks for the input.

I can have a lender I've used on multiple occasions contact you. I just need to know where the proposed project is first

0 Votes

Oklahoma City, Oklahoma

I would want out as well. Chances are they have to rent elsewhere and can't afford two monthly rent bills.

2 Votes

Asheville, North Carolina

kudos to you

1 Vote

Quote from @Zach Kirchoff:

Quote from @Paul Sofia:

Quote from @Zach Kirchoff:

Hello,

Looking to speak with an expert in the spec home lending space. Smaller developments (2-10 homes at a time) and lower price point (under $500k). Please let me know who your favorite lender in this space is!

Are your prospective builds in Minneapolis metro?

Yep

Best to go local banks

0 Votes

Minneapolis, Minnesota

Quote from @Alicia Prokos:

Quote from @Charlie Hampton:

Have you spoken to a manufactured home builder about this? I don't think they would build this type of house on a metal frame. Manufactured housing is built to be light and able to be moved fairly easily. What you described is in fact a modular home spec.

I usually spec an I beam in the center of the basement to use less lally columns but other than that everything else is wood. Are you looking for a metal frame because it would last longer?

I am trying to evaluate the possibility of packaging for sale modular homes on small lots in a community. I want to understand what is being said here, but I don't understand the jargon. Can anyone help me?

Stick built and mods are built to state and local codes. Manufactured homes are built to Fed and state codes

0 Votes

Quote from @Zach Kirchoff:

Hello,

Are your prospective builds in Minneapolis metro?

0 Votes

Minneapolis, Minnesota

Welcome to the new America. We thought this was a FREE country. That was the biggest lie we ever bought into. Mind you, I'm a conservative but when they ushered in the covid con, I got out of the political realm. America took a 180 degree turn as we witnessed. We were never free in this country. We became slaves to the system. We simply bought in. Anyone think things are going to return to the norm we were used to are sadly mistaken

This is all being done by design. Empires normally crash after 250 years. The math ain't looking good for this country.

0 Votes

Quote from @Josh Wagner:

Hello!

I was wondering if there was anyone in here that builds new construction homes in North Carolina? I've wholesaled homes for 7+ years, flipped several houses, and am looking to now focus on building homes, both infill projects and subdivisions. Are there any local or semi-local banks that offer loans to those with no experience? Hard money lenders? Thanks in advance!

I can flip you over to a lender here in the Carolinas. Let me know and I can put you in direct contact with them Quick closings. What is the LTV you are seeking?

1 Vote

Fayetteville, North Carolina

All Forum Posts by: Paul Sofia

Paul Sofia has started 3 posts and replied 310 times.

Post: Property Management Companies Charlotte metro

Post: Property Management Companies Charlotte metro

Post: Financing 1st Spec Home

Post: Hurricane Helene: Tenant wants to end lease because city of Asheville without water.

Post: Ugly Side of Home Building - Flooding from Damaged Sewerage

Post: Loans on Spec Home Construction

Post: New Construction - Modular Homes??

Post: Loans on Spec Home Construction

Post: national rent control

Post: First Time New Construction | North Carolina