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

I bet you saved $2,000.

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.

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.  

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

@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.

It's not a hotel, the houses won't be perfect (unless it's new construction or luxury).