Some lenders may have a rehab/ construction type loan that can finance the purchase and repair costs but have a 6-18 month balloon that would require a refinance. 

I am one of the very few STR's in a town surrounded by 10+ wedding venues, university, businesses, mass construction, etc.

Purchase price: $735,000 Cash invested: $1,060,000 Sale price: $2,825,000 Single Family Home New Construction project in Sherman Oaks.

Thank you. you are going to have to report it one way or the other. if you spent $50K-60K on construction labor, IRS is going to ask you who did you pay all that money to?

All I can afford is to buy land and then I have to hire a builder to be able to get a construction loan and as you know builders charge 10-20 percent of the cost. 3- Can you please tell me where to find the cheap homes that you mentioned?

I have been working in commercial construction for almost 6 years now.  

Any idea on what would be the per sq foot construction cost for this project?

Does anyone have recommendations for ADU design and construction companies in San Diego county?

And I just quickly found out that I wanted something with a little more scale and a little more meat on the bone.

Hey @Guy Keren, You can get a new construction for a PP of $150k - $200k in Memphis, TN.