My thought is that with an LOC I would have additional borrowing capacity to jump on cash deals if needed, as well as float some of my current renovation projects between construction loan draws.They offered me a $140k interest only LOC, 2 year term, 5.75% interest.

My boyfriend has done construction and estimates and we can get a good first impression before bothering an agent What we mostly need is someone to do the paperwork right and protect our money and time.BTW, we're not ready quite yet- almost though.

I have been in hospitality most of my career and have done some construction.

Nor have I inspected the property.Its in a college town & will rent for ~ 1100 with full occupancy.ARV shows at around 150000kWhat I would like to do is Remodel the first, get it rented out, then build two 3/2-3/2 duplexes on the other two lots using construction loans.

I know about assigning the option but what if I have a constructed a fair deal with both seller and tenant buyer where there is a good amount in difference between the two option prices, how do I avoid being cut out from the bank?

We're looking at houses and my boyfriend has experience in construction but not termite inspection per se.

It varies a lot by the construct and the company.

I actually own a small construction co. and have recently chose to only use my crew in this area..I am building a website that will incorporate the neighborhood on certain pages, one of which will be a page that posts photos of suspicious activity.

I would have it all leased up well before the project would be done.I did go a little low on the maintenance budget but I figured if everything is brand new and the construction company guaranting their work that I shouldn't have many expenses for a while.Taxes will roughly be 900/mo after the 5 year tax free period ends.I included the up keep with the property in the maintence budget.

Although I don't personally use home inspectors on my purchases, I deal with a lot of them when selling and there is a wide variety.As an investor or a buyer, I would want an inspector with actual construction experience.