I need construction/rehab insurance quickly.Cynthia

I've been in real estate for a couple of years, but as a builders/developers rep selling new construction in tract communities, and so this mixed downtown neighborhood was a tough one for me.

Employer Trend: Correct me if I wrong, but isn't the gambling industry (and all its subsidiary business units like entertainment, hospitality, etc.) the largest employer in Vegas (most likely followed by construction and then the convention industries)---if this is the case, the industry isn't known for employee enrichment/income advancement.

We are at the mercy of the vendors in what is still a booming construction market.

I'm curious to understand the differences between pre-development and pre-construction investing---PCI was all the rage during the boom in places like FL---early adapters made money and the late comers took a bath...Regards,Scott Miller

You also could look at new construction is there is a healthy market (Boise?).

Most of our lenders won't touch a loan with rehab costs included so we've been accustomed to doing a construction loan at 7.25-7.35 (now probably 8.25) for 6 months to one year interest only (20 yr. amor.), half a point loan orig.

One finance guy, a birddog and a construction supervisor.

Does the developer has any obligation to sell the property to him at the $175, 000 price since the construction has taken so long ?

I've been doing them under my business which is '"my name" Construction' and the purchase agreements are also being written up in my name.