One thing you might do is sell your more expensive properties and buy less expensive ones. 

Ask away. you have found a treasure site and if you follow much of the information here eventually, you will be prosperous. 

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

Hi Leo, its been years since I closed on a HUD property but you close on the property as soon as title is ready like any other property.  

I understand why carriers associate Condo/PUD construction with greater liability risk (I am sure being based in Philadelphia, a jury friendly city doesn't help either) but curious which carriers others are finding to price coverage without this exclusion and also price the coverage competitively.This also serves as a reminder to review the coverage when you hire a GC for more substantial or unique construction assignments. 

Thank you in advance for your help. 1.

You need to know the appeal laws where you are.

You will meet a lot of great people here that will help you on your journey. 

Nice to meet you Jason! 

thank you for forwarding this article..