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 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.

And there was a huge wave of construction that came through because of that. 

Site cleaning is consistently understated in rehab construction budgets. 

As the Branch Manager for RBI Private Lending in Texas, I specialize in offering flexible financing solutions, including bridge loans, construction loans, multifamily financing, and DSCR loans.

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? 

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