See if they will do construction loans.  

Sounds like a pretty easy way to get in over my head fast, but at the same time, it seems like an opportunity to pick up a property WAY under market value and there theoretically should still be plenty of meat on the bone.

Spend 2026 stabilizing it as I want something with meat on the bone. 

I'm an experienced project manager with hundreds of cradle-to-grave efforts under my belt, including building project scopes and budgets, evaluating contract proposals, and managing construction to maintain the delivery of high quality products on-time and in budget.Penny is a licensed clinical social worker (LCSW), serving the community mental health needs of parents, children and families.We both recognize we have an immense opportunity to serve our community and want to capitalize on the blessings we have been provided so that we can continue serving our neighbors.My wife, Penny, and I are looking to transition into commercial multi-family real estate in 2025.

A borrower is more inclined to face adversity with a construction project than most other types of real estate investing.

To answer your last question, my realtor has contractor contacts I should be able to leverage for rehab budget estimates, as well as family friends with experience in the construction trades.

The nicest, most expensive housing should almost always be new construction.

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

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