All Forum Posts by: Raj Konda

I think you should get a second look from a lender at this to see if they can get you another quote.

@Raj Konda- looks OK to me  ....Fyi -there arent many lenders with investment property  construction loans so there will not be many  other lenders to  be able to  use for this scenari- good luck

Looks okay to me. Loan costs look a bit high, but they will vary depending on the bank you go with. Have you shopped around? I am not liscensed in FL, but I have buddies who are. If you would like them to run your loan for a comp, let me know!

Hi all!

I am a newbie in BP, just started listening all the podcasts, fascinated by the community!

Just want to drop the message here, anyone located in Dubai or distanced managing properties there? I would love to know whether it is possible to apply the BRRRRR method there or other creative financing over there as a foreigners. Also looking for the Matersminds focusing on the overseas market!!

Thanks!

Dubai. 

I recently came across these as well. I think they *could* be a great investment if it is something you might also use and year or two for a family vacation. It would likely pay for itself and maybe even slowly pay back your down payment while hopefully retaining value. Very similar to something like Margaritaville or The Grove here in Winter Garden. As a pure investment, I think there are just too many variables. A short term rental that you control yourself will be much more consistent I would guess and of course normal long term rental SFR would be even more so.

One thing I would suggest, though, is if you're going to do this, pull the trigger now.  The developer will always raise prices as they build out so if you get in early you can at least get some equity built in should you decide to exit the property later.  Best of luck!