Have you considered doing new construction in an STR area?

This isn't really that earth shattering, just kind of annoying.The title insurer will usually require the scope of work and any lien waivers to issue certain endorsements required by lenders for recently rehabbed/constructed properties.Permits are all public record anyway - and often double checked by the appraiser.So - while it is kind of annoying, a lot of this work is already required to complete the transaction anyway.Just my thoughts.

@Deborah WodellThere was a guy who used to post on BP from Maryland who did private lending and was a fraud, changed company names many times and what he would do is write construction loans, fund the initial amount but didn’t have the money for the draws.

I don't have much knowledge of construction.

Indeed, if one's intent is to cultivate an ambiance of erudition, one must remain vigilant lest one's lexicon becomes an impenetrable labyrinthine construct, leaving interlocutors in a quagmire of lexical bewilderment. 

Good Morning,I'm looking for some insight on new construction builds.

If you teach BRRR I would love to see how someone can teach construction management outside of the field and understand scopes of work, contract negotiations, permitting and dealing with contractorsWhat does the proforma look like and schedule of values?

Lets discuss some bridge, fix and flip, ground up construction and DSCR loan scenarios for both purchase and refinance options .

My wife and I already have two new constructions we rent out on Airbnb, netting us over $4K monthly after expenses.

I sure could use some guidance along the way.Do you have a construction team?