I was curious if anyone out there has had experience with both the construction and/or economics of building new pole barn homes in rural areas that are within commuting distance of a sizable metro area.I have been approached with a JV business proposition from a trustworthy and experienced channel.

Personally I am not a fan of debt.That investment property looks a bit risky also.

My loan officer said I will need general liability and builders risk. Is

I can't help you with the more creative (ie risky) deal financing options.

Another difference between real estate crowdfunding websites is the riskiness of the transactions they offer.

Based on thousands of actual court cases, the lender loses any monies paid toward the home to the buyer and the home to the buyer, not to mention sanctions, penalties, and fines.It is all well and good to believe the risk is worth the return, but actual regulatory actions and court cases prove the smaller operations get run over for a lack of money to defend themselves.

But since they're friends, maybe you're not looking at it as a business proposition?

Ultimately I would like to flip houses but due to credit and risk, I plan to start wholesaling.

There is absolutely some dumb money out there and the investors who are buying at historically low cap rates with shorter 5-year debt are playing a very risky game.

@Steven Hamilton IIBill Gulley THANK YOU so much guys, I always learn a lot here.One more question if I may, is it risky to use "market value" based on government property tax assessment as opposed to hiring an appraisal?