It was a buyer’s market at the time so negotiating involved asking the seller to pay closing costs and being patient with our FHA loan.

Move to a lower property tax, insurance, cost of living, income tax area.  

You can gauge this risk by checking state average homeowners insurance rates.Few people live in cities that meet all the above requirements.

Conventional loan How did you add value to the deal?

What loan?

This is an Interest only loan product that typically lends at 65% ARV. 

Since you’re building from the ground up, a hard money loan can be a great option because traditional banks tend to be slow and have stricter requirements for new construction.

Get it under agreement for less than asking price and offer to bring the loan current and have them carry that loan.The way I see it is they are just getting MLS properties under agreement - the last five I looked at had been sitting on the market for more than 150 days (overpriced) because the payoff of the loan would not be satisfied at lower price point. 

Hey everyone, a new development in the area where I invest, is offering a 5.99% interest rate (conventional loan) and 2% of purchase price in closing costs.

Below, I outline several incidents that demonstrate the importance of vigilance in this industry.Incident 1: Noble Capital LoansNoble Capital Loans presented itself as a Georgia-based corporation with favorable loan terms.