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1 December 2024 | 0 replies
New construction, builder preferred lender helped buy down rate, I negotiated builder to add appliances and blinds, and negotiated price.
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4 December 2024 | 8 replies
I think their general stance is going to be to go with whichever comparable property has the greatest degree of similarity in terms of (probably, in this order): location, age built, quality of construction/current condition, and square footage.
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2 December 2024 | 34 replies
This method allows them to rehab multiple properties at the same time then the construction contractor sells them at market value to a buyer.
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2 December 2024 | 7 replies
Quote from @Tenzing Palmo: Hello I’m looking for my first investment property in Dallas Texas, I live in nyc so I don’t The trick with new construction in many of the growth cities is that don't allow rentals in the HOAs or have super restrictions.
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30 November 2024 | 2 replies
A ground-up construction loan for a new investor on some vacant land would also be a no-go as you must be able to show successful exits (refinance or sale) from a few projects before that's an option.So, we need to be able to see funds in your account that can cover the down payment, closing costs, and some reserves left over that will allow you to start your rehab.• No entity to close in: Though an LLC/entity is not a must-have, it's a nice-to-have prior to seeking financing.
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3 December 2024 | 8 replies
@Kent FordI agree with @Ryan Konen regarding areas like San Antonio’s outskirts, parts of Fort Worth, and growing cities like Tyler and Lubbock, which are becoming popular due to relative affordability and job growth.We will see an interest in smaller metro areas where prices are more accessible and a surge in new construction aimed at entry-level buyers.
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30 November 2024 | 1 reply
If the appraisal deems it to be "Subject to" you will have to use a renovation loan/construction loan to repair and close.
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30 November 2024 | 1 reply
Affordable Construction: Thanks to the small footprint of these homes, Griffin Modern’s designs avoid costly engineered lumber.
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9 December 2024 | 38 replies
So those were all on my Fico.. my Bank loans from my commercial banks dont show up IE: development loans vertical construction loans..
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29 November 2024 | 9 replies
@Roger Mace I would be skeptical of a lender who holds themselves out as a non recourse construction lender.