It may be due to the lengthy pool permitting and construction process. 2025 will be a critical year.

Will getting this second home loan right now, affect me negatively when I go apply for the construction loan in the next 1-6 months?

Had a neighbor (retired from Minnesota) who does home construction and real estate stop by to check out the bulldozing to see if he had any recommendations. 

For example, you can buy 5 new construction homes at great price points in my market that would be perfect for this strategy.

@Kyle Atans  or PHX when building stopped dead cold and they deported half the construction workers who happened to be 80% of the tenant base.. same with central CA building stopped  no deportation though :)I just bought in Vegas for semi retirement and tax purposes I kind of like were it sits now.. but no question your timing of that market was impeccable.. !!! 

So I think the operative wird is balance.Note - Most of my career in Construction was spent working for exremely wealthy people that you speak of. ($12 mm dollar houses and all that....)

Can anyone recommend a company that offers a builders risk policy to cover the construction period but then will also allow a cancellation and refund after work is finished to convert into a standard landlord policy.  

Your background as a licensed architect with experience in commercial and residential projects is an incredible asset, especially here where so many members are navigating construction, renovations, and design challenges.Out of curiosity, have you worked on any projects that were particularly challenging or rewarding?

Purchase price: $120,000 Cash invested: $370,000 Hi BP, Just wanna share my recent co-living new construction project in St.

Our problem is, we have identified a property to buy but we are right in the middle of construction on our new home and our lender has told us not to finance anything else until construction is completed.