I’m also focused on multi-family investments, primarily new construction duplexes in Indianapolis.

A free ticket to the 3 day and then an honest critique or constructive feedback if I did a good job with sharing info.

Here in the Reno, NV area there are new construction homes that have tenants already in place, paying above market rent, and the builders are offer 5.5% interest if you use their lender.

My real estate agent, who has a long prior career history in construction, seems to be happy with both the properties and has inspected them in detail and also been under the crawl space noting new plumbing, electrical and foundation sister-in-law beams too.As mentioned it is looking very likely the current buyer will not meet the closing deadline at which point I am next in line and have got price agreed with the back up after a few phone calls today. 

. $7000 closing costs on a $420K property plus an additional $30K for construction loan.

Get approved for construction loan (This is normally a loan at an 80% LTV, right)3.

Often we can get a bridge loan with cash back at closing as well as the remaining rehab budget in construction hold back in one loan. 

New construction going for so cheap in this area as opposed to how much new construction goes for New Jersey made me very interested in just purchasing something that is already completely done and hopefully good to go for the next few years.

Typically where the builder goes into a smaller town or area build a small phase and then moves out to another county or town leaving not many new builds in that area to offer new future construction home sales.

The three properties referenced above: a) one turns into a mid-term allowing me to get higher than normal rents that cover everything; b) one turns into a short term; c) the third I focus on getting the highest dollar with short fall of may $100 per month and planning to raise rents in the next few years to cover that eventually.Problems: I have been a long time airbnb user.