We're working with a new construction builder who has an in-house lender (Austin, Texas area).

However, the journey has been anything but smooth, and we are now at a critical crossroads.Despite securing approval for our 42 townhouses, the soaring construction costs have made the project financially unfeasible.

In most cases for new investors (fix and flippers, new construction, rentals, etc), Voro lending is offering Rate: 10.75%Fees: 1.5-2ptsTerms: 6months+Max loan: 75-80% loan to value, 70-90% loan to cost100% rehab financingExperienced investors get better termsYou can contact Robert @ 646-270-2585

the way to go about it is turn it over to your insurance and get the police report.. sometimes insurance will then subjugate the claim and go after the tenant criminally I had that happen on one of my rentals where the tenant did 40k in malicious damage on a new construction home I purchased in MS. 

There's no step by step guide but there are key things : Learn: RE strategies, what interests you, what do people in your area need.Connect: find a mentor, accountability group and be around those doing what you want to do.Help: solve problems- do people need dealflow, property mgmt, construction expertise, etc. 

Several factors at play: the sales market has been slow so many would-be sellers are converting houses they can’t sell to rentals, lots of new construction units have been completed recently, and in-migration has slowed down a bit.

I had little choice since I was financing out of a construction loan that had little time before a ballon.

I could also add there is often construction in central Houston and it does cause unforseen issues. 

Your knowledge in construction, design, and different strategies will be a big help to the community.

There are plenty of entry roles from cold calling, scrubbing data and find deals for investors, leasing assistant, work on construction sites, office admin, project coordinator, Title assistant, RE photographer, transaction coordinator.. on and on.