I have 24 years in commercial construction. 

Account Closed  absolulty I would in no way advocate second position or gap funding in any way.. for those that do not have extensive real estate and construction experience.

Purchase price: $350,000 Cash invested: $74,000 Purchased this 28 unit RV & Boat Storage facility in Missouri. 2023 construction - 100% occupancy at purchase.

We will be refinancing from our construction loan to permanent soon so would welcome your thoughts on the lower rate today VS the security of long term fixed.I just saw that you have a local RE Meetup this evening.

I’m getting ready to refinance an apartment building, I just completely renovated, out of the construction loan that’s currently on it.

Quote from @Davin Manfredi: This is a construction material on the remodel or work done on the home, so I would say it would fall on you.

With new construction and renovations going on, on almost every block.

Why are you using rules of thumb and not using the results of the thorough inspection by a great inspector that you are surely using and would be an idiot not to base your numbers on? 

You will want to get a professional inspector and contractor that you trust to walk the property on the outside if you can't get in. 

I am an agent and investor in the area and my brokerage has a construction company.