I have a spread sheet I use to look at potential deals that takes into account most of the things that pop up including closing costs, realtor fees if used, utilities during rehab, hard money fees and interest, arv, purchase cost and alot of other junk.

We are in an unincorporated area with 5 acre parcels, lots of new customs being built up here.

Use the attorney to check that, for example, all necessary accesses are available and that rights of way have been established and any development will not cause rights of way conflicts.3) Check UtilitiesA thorough inspection of all utilities and their condition is mandatory.

This program utilizes an interest only (interest is capitalized into the mortgage) construction loan that automatically converts to a 40-Year Permanent fixed rate mortgage upon completion of construction.90% Loan-to-Value40 Year amortization40 Year Term (no balloon)No maximum loan amountLow, fixed interest rate, based on market spreads over the Ten Year Treasury yield.

Asking $2,300,000 72 units - 1 bedroom/1 bath - 700 Square Feet - $460 monthly rent8.3 Cap Rate - great for area98% occupancy rate - due to low rents for area49% expense to income ratioFishers, Indiana• Upside Potential due to below market rents and continuation of utility sub metering• Attractive, low maintenance, all-brick exterior• Located in the VERY desirable Redevelopment area.

That, I think is a better customer/vistor experience.Anyone else?

Just make sure that if you look at anything built before the Hurricane that you do your due diligence well, like any other place in need some contractors came in a did piss poor jobs on the homes an ran.I have a cop buddy down there too that bought a new home after the Hurricane I want to say he payed in the 120's range or so, nice little place i believe it was a 2/2 I would have to ask, it was in Gulfport.I did see a few weeks ago an REO property just north of the coast line in Gulfport that was a new subdivision development for sale, it has something like 70 plots laid out if I can remember correctly, the website pictures showed minimal readiness and I don't think utilities had been run yet, but I remember seeing the letters from utility companies and the State Dept of Agriculture about the land.

Thanks.p.s. the guy working in the dept was busy working up a quote for another customer so I didn't get a chance to ask him about install prices but curious what you pay in your area to have a granite top installed?

Most investors that I wholesale to either use hard money or have developed relationships with banks and utilize commercial funding or cash and not conventional financing.

Its strategies include adding bilingual loan officers and creating alternative credit-scoring systems that take into account rent, utility bills, child care expenses and medical payments.