Right now the city is hot to trot because construction is suppose to start next spring.

What are your thoughts on construction budget limitations?

.- After Repaired Value (ARV)- Rehab & Construction- Closing Costs - Purchase Side- Closing Costs - Resale Side- Real Estate Agent Commission - Resale Side- Property Taxes- Insurance (1 year)- Utilities (6 mths)- Interest Payments (6 mths)- Rehabber Profit Requirement

If I were you, I would go look at a bunch and if there's one or two that you like, then come back with your dad or a friend who knows a lot about construction and have another look.

Many will use a title company for construction disbursements and they inspect the progress, you can find out what they charge for construction management and disbursements and compare to what an HML might charge, make sure they don't have gigs fees or scalping off the top.Good luck...

Contracts fix Sec 8 properties, the volume of thier work helps to keep prices competitive for construction labor.

Basically if it were only construction I would have bought it.

Take a look at LendingClub.com and you'll see a similar construct of what he could do with his money in an IRA (those are unsecured notes though).

I went by homes under construction to see what you could buy for varioius price points, types of construction, etc.

Thus it is not proper for such a broker to undertake to devise the detailed terms of a purchase-money mortgage or other legal terms beyond the general description of the subject property, the price and the mortgage to be assumed or given."