Let some body else pay off the mortgage and have another asset to hold as a long term hedge against inflation.

For the answer to that it comes down to personal preference.New homes are still being built but the builders make them at a price that competes close to but not at foreclosures and short sales.The buyers will pay a little more to have built exactly to their needs but not much more than the distress sales.This is just how my local market operates.

Builders don't have access to construction loans and thus we have a lot less competition to build new product.

I am a Lieutenant Firefighter of 18 years, though amazing, it has taken a toll of my body.

If you lack experience you may want to consider partnering up with a builder or a multifamily investor.

I am looking for a builder near Fredericksburg, VA to get some education from.

(I like to work my brain more than my body).

(I like to work my brain more than my body).

 - credit score of 695- a yearly income of $85000 and in my career 8 years- a DTI of 18% that includes CC, student loans, and a Bank credit builder loan- 1 negative, a bankruptcy 18 months agoWith my financial history how possible is it for me to receive the Homestyle Loan?

I have read many posts that say, just have your GC add you as an additional insurer, another says you only need Builder's Risk and then others say get a standard homeowners policy.