Recently, my wife and I came across a new home under construction, set to be completed early next year.

Its tough living in a construction zone but it can also offer you both an investment, education and place to live for the time it takes to complete the renovations.I actually started by using private money (people I knew who had money) and used them as lending partners.

Ask for no prepayment penalty in case you entitle it sooner than the three years and want to get a construction loan. 

Hello all,I am currently pursuing a Master’s degree in International Real Estate and have 17 years of experience in the construction industry in my home country.

I paid cash for the lot and am looking to finance the build through a construction loan. 

Work for a flipper or in a construction biz so you can learn about managing projects and what rehab costs are for different jobs.

We have a few brand new construction projects in Florida.

I assume they would not finance for me (seller finance), but I was just wondering if anyone has purchased a foreclosure from the VA and if they were able to construct good deals.  

@Yusef PresleyI would avoid paying contractors hourly and make sure there is a construction draw schedule in the contract that clearly outlines when funds will be dispersed to the contractor throughout the project instead of one lump sum payment.

I found 2 banks that would back me in the project both offering a construction loan with no payments during the rehab.