I got a 90% LTV 100% construction loan on a 75k property.

I ACCIDENTALLY stumbled upon new construction and got "stuck" with inventory that would NOT move when rates started to climb.

While driving for dollars, I’ve come across a neighborhood that’s older but is surrounded by new construction.

Hey Tony,None of those are bad options, honestly if you have paid off investment properties; the best terms are probably going to come straight from a cash out refinance.Line of credit is a good option due to only paying on what you use but if your planning to start construction immediately I would go with the cash out, its going to be less headaches as well.

Please reach out if I can be of any service for primary or investment new construction across central Florida. 

Site cleaning is consistently understated in rehab construction budgets. 

My mistake was locking in the 30K for the furnishing and construction to make into a “better” STR property.

I grew up in the construction business and swung a hammer since I was 12.

I am a GC evaluating building 3 unit row homes on city owned lots.  Cost to build: $280-$300K, 10 year tax abatement from city.  Has anyone done this?  How did you finance? 

Does anyone know what the landlord is supposed to do when construction will be occurring on the premises?