Hi folks,My wife and I have a construction to permanent mortgage loan on land+home where we intended to build.Unfortunately, we found out that unexpected foundation work due to soft soil would likely make the project use triple our contingency reserve before even breaking ground.We are exploring our options on how to transfer our current financial obligations for this construction loan to some other loan offering (as moving forward with the project is now too financially risky).

Lessons learned from the W Knoll St deal include the importance of precise budgeting and managing unexpected challenges during renovations.

It’s a powerful way to grow your portfolio steadily while keeping your financing costs low.If you need any help with financing or want to explore other options, feel free to reach out.

It's not quick money and there unexpected expenses that pop up from time to time.

If you decide to refinance, make sure your new cash flow can still cover all your expenses, including any unexpected costs.I hope this helps you in any way!

Powerful.

@Yosef Lee and @Adrian FajardoSorry I was MIA--I live in Houston and we had no power for half of last week and no internet until this past Saturday--just now getting caught back up--missed a lot in my unplanned week off the grid!

We can give thanks to the current powers that be for the high rate.

How Lower Rates Could Influence the Housing MarketLower mortgage rates can enhance the purchasing power of prospective homebuyers, making homeownership more accessible.

We have all the tools and all the power.