A good loan officer will have a good grasp of construction issues, how repairs can and will be made, regulatory issues in zoning, building permits and risks involved in having work accomplished.

Well i wish i would have taken more pictures during construction (i forget to take them every time and regret it big time later) but here are the pictures.If anyone has any questions about the process, NY permits (stress), or materials used ..im here to help.

Rehab:Our construction knowledge is limited and neither my partner nor my self have taken on a full rehab project before.

To me real estate also lends itself toward allowing one to construct separate partnerships for each deal using joint ventures.

I am currently have a full time job at a commercial construction company as an estimator, but am flipping houses on the side.

All of these things along with unit mix and being multi level or one one level and location can affect what rent rates you will get and how long to lease up the new building (absorption).For instance usually a 200 to 300 unit apartment building is constructed in phases and takes a few years to fill up.

I have two commitments for the money to buy the property.Here is the deal - I will foot the bill of the construction/closing costs ($75k - $85k) and my partner will solely buy the property ($195k).

$275 on a $500 apt is 4.5% of annual rent, $35 on same apt is .6% off your top line.These items should be part of the construction/improvement inspection and not some arbitrary re-rent inspection (did you make any improvement?)

I plan on trying to increase equity in any property I get involved in-I have a construction background and a couple of contractrs I would like to get involved with me if this could become a reality.

This is much more important to me than bedroom count, type of construction, etc.