My biggest takeaway: “Although demand has softened greatly compared to last year, housing activity remains robust compared to pre-pandemic levels.”https://www.realtor.com/resear...

@Colby Burt a big fat NO for me especially heading into a recession with prices softening.

sounds like the construction loan is in the land owners name. and it sounds like the bank or whoever was monitoring construction draws was asleep at the switch if funds were diverted.. ( it happens to all of us) but in new builds we always have 3rd party .. on our little rehab deals with 10 to 30k its not that big of deal if the builder nips us for 5k or something like that. prices on materials are softening but have not fallen like they rose by any means I am still paying huge money for lumber. if the builder does not have the 250k to finish what are you going to do ? 

I'm finding that if you remodel, furnish, and market it right, my clients and I are consistently in the top 20% performance, which is where the money is being made right now- with current market softening. 

If the property values in your market soften, if the tenant moves in and destroys it, fire, earthquakes, floods, hail, hurricane, another lock down requires you to keep a non-paying tenant - honestly anything - and my position in the property is at jeopardy.

Remove as much  contingencies as you can safely do AND write up an appealing letter with the offer  that could soften the seller if it doesnt work at this pijt , it may as rates continue to rise and soften pricesGood luck

Is this is standard bank practice or is the bank trying to protect themselves/hedge against future home value softening?  

Considering the recent softening of the market, I figure there must be a way to get price or deposit concessions (not interested in their lending concessions).Can anyone provide advice or share their experience? 

Should I go for it or should I finish my other project and free up some cash so I can get into the plan for the tri or quadplex in a few months, ideally the market softens up a bit and becomes a buyer's market by then??

Should I go for it or should I finish my other project and free up some cash so I can get into the plan for the tri or quadplex in a few months, ideally the market softens up a bit and becomes a buyer's market by then??