He is involved in the construction industry and has a few rental properties.

If I had $100k and needed it to throw off $72k, I'd buy a lot for $70k-90k, borrow $200k via construction loan, build a spec house, and sell for $350k-$375k.

With $3,000 budgeted (which seems high pending condition for just carpet/paint) and it being the slow point in the construction schedule you should be able to get some great bang for your buck there.

My partner on the other hand used to have a construction company in Las Vegas, but when the economy went down so did his company.

I would consider buying a multi-family you intend to Owner Occupy (OO) and purchase it using conventional (bank) financing construction loans.

The information on here is exactly what I have been looking for.I am a construction manager in the Seattle market, I have performed over 50 rehab/flips as the general contractor among many other projects.

In 2012 I also started investing in some spec home construction which has gone well so far. 2014 will kick off a large project (at least for me).

As many of you know, we are in Orange County, CA, and build new, spec construction.

My goal for 2014 is to buy/renovate four to five homes and buy and hold at least two additional rental properties.Currently, I'm a full time Federal worker (I write contracts) but my roots are in construction.

So I lucked out he has the construction background and the licenses to help out on the buy and sell portion of the deal.