Originally posted by "rcfran":If you must ask such a basic question, you really need to reconsider your investment choices...Thank you for being constructive here.

what i was saying is that i prefer rehabbing, but i have a little construction experience, and i'm mechanically inclined.

I plan having 1 minor construction task done: filling in one doorway to a cubby on the 3rd floor and then knocking down a wall from the master bed to form a walk-in closet, and then professionally repainting and cleaning the place.

My husband and I have been doing this pre-construction thing since '05 and didn't know real estate would take a dump.

If you were to walk through the streets of downtown, you may not see a lot of construction.

This is referring specifically to the mortgage and the debt-to-income ratio analysis that credit lenders undertake.

I'm going to keep your points in mind when I construct my sales scripts.

We specialize in $5,000 Pre Construction (Construction to Perm) Loans.$5,000 Out of Pocket90% of Value/100% of CostConstruction to Perm loanOnce construction is complete the loan modifies into a 5/1 ARM with no additional fees/costs.

There is a conventional loan program that allows for up to 80 ACV (after construction value) for rehab, guts/build outs, teardowns, etc. if you have a 641 mid FICO.

Needed some work, so I partnered with my brother (I had the money, he's got the construction skills) and bought the house.