He's very reputable and I would not hesitate doing more business with him.

Can anyone point me in the right direction as far as some reputable builders that are available for such a project?

I contacted a larger reputable company in the area who said $1800 with a 1 year warranty.

You can if you want, but if this loan is from a well known, licensed, reputable lender, then its similar to getting regular mortgage.

Hi Shannon,You need a good reputable Non-QM lender.

Is it worth it and is it reputable?

That would be his issue with his lender.You would have the option of forcing him to complete the deal, he then has to work out the problems between himself and his lender, that is none of your problem or business.Have your attorney or the real estate agent's broker send a strongly worded letter as a warning about the consequences ( a lawsuit he is unlikely to win).

The nonsense that DSCR loans do not matter if they are not on a credit report and the advice above has real consequences on borrowers ability to accomplish their goals for investment but also ability to buy their next primary.

But I do wonder about the legal consequences of it.

The horror stories are people buying too cheap and buying bad houses.Lots of great opportunities in Metro Detroit.LogicalPM can manage.We just heavily recommend not buying the cheapest property or getting tricked by a wholesaler on a $15k “great opportunity”.Just buy the good stuff.Metro Detroit (my rental portfolio is here)Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.