retirement based real estate loanI LOCATED THE ABOVE PRODUCT FROM 1ST BANK BUT COULDNT QUALIFY BECAUSE MY CREDIT SCORE DOESNT EXCEED 680.

This plan allows for maximum flexibility for your product in the market.

Having said that you build what sells for the area and not personal tastes.Great job on the podcast by the way.One question that wasn't asked in the "fire round" that I will throw out here I was curious about.How do you compensate on a ground up build for the amount of time you would have trapped money before seeing a return plus the fact that in some cases building would take a year or longer from buying the dirt to selling off the finished product??

Here are a few pictures of the current product.

I can't wait to see the final product.

Once I get all the estimates for any major defects on the property I will present it to the seller.

In many cases, the DIY type note amongst family will have a hard time being used as collateral since from time to time, they are not conventionally underwritten, do not use conventional agreements and the file itself can have defects that impede or prevent enforcement and collection if challenged.

The latter missed defects the visually impaired would detect.Obviously the more detailed the report the better it is for an investor/buyer but what agents (esp listing) hate is using that inspection as leverage to reduce the price (& it could become part of the disclosures).

Placing the blame on the stated income loan products is like saying a vicious dog is at fault for biting someone, when really it’s the abusive owner of the dog who is at fault.

I'm trying to do some pre-work so the $ I spend on my time with the CPA is as productive as possible.