Marvin, if it looks like you will shortly have lots of construction and multifamily homes right next door, when he says your value may be "severely reduced," he may be right.

Two short answers: the people living in them (some refer to the occupants as "trailer trash", whether that is accurate or not), and the construction of the house (construction used in mobiles is considered inferior to non-mobiles).

Later, I was also in non-profits, with gut rehab to new construction, developments but not fair to compare with an individual flip, drew a salary, fees and benefits.

I am doing my first purchase with financing now but I have two rentals (one now and one under construction) that I need to cash out refi soon.

There are several reasons for foundations issues and the issues I would be most concerned with in most cases would reveal themselves in newly constructed buildings.

As Jon mentioned portfolio loans, a bank can make a purchase money loan and advance additional funds as a construction loan and when the project is completed provide the take-out or perm. loan, even place that in the secondary market.

We are in the same area as he is, but unfortunately don't do flips, we do new construction.

Even if I had construction skills/experience, I personally believe that being involved in the construction side of things is a waste of my time and money.The best and highest use of my time as a business owner is to grow, scale and make my business more efficient.

Obviously, the construction crew who replaced the roof felt that it was strong enough to support their weight, the plywood sheeting and the shingles.

My day job is in selling construction materials, brick, block, stone, landscape, etc. for new construction and remodels.Owned a duplex years ago but being newly married at the time and then kids on the way, sold it due to lack of time and the cash flow was not good enough for property management.