Hi all,I have a strange insurance situation in Cape Coral, FL. I started a new build in 2021, and after three years had to fire my builder because it wasn't yet complete. Legal action in progress. I have a new builder...

I'm seeing parts of Durham become increasingly popular like 27703 for new construction in addition to Bethesda and South Durham near Southpoint Mall. 

Have you explored construction loans?

Plus they are just lovely to work with.And yes a 15 year veteran in both residential and commercial construction, we pull permits. 

The private funding source STOPPED funding the project while construction was going on.

I’m looking at two properties about the same price, both around $360k.prop 1: new construction townhouse, HOA of $100, private outdoor patio, 1060 sf, 2 bedroom + 2.5 baths.

Start talking to local lenders and see what kind of products they have for construction/ rehab loans.

There are plenty of guys out there who have connections to help you find a construction crew.

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.