Marvin, if it looks like you will shortly have lots of construction and multifamily homes right next door, when he says your value may be "severely reduced," he may be right.

Two short answers: the people living in them (some refer to the occupants as "trailer trash", whether that is accurate or not), and the construction of the house (construction used in mobiles is considered inferior to non-mobiles).

Later, I was also in non-profits, with gut rehab to new construction, developments but not fair to compare with an individual flip, drew a salary, fees and benefits.

I am doing my first purchase with financing now but I have two rentals (one now and one under construction) that I need to cash out refi soon.

Residential construction sees the most lax regulation in regards to soil compaction and concrete quality.

As Jon mentioned portfolio loans, a bank can make a purchase money loan and advance additional funds as a construction loan and when the project is completed provide the take-out or perm. loan, even place that in the secondary market.

(a NYS home inspector) to look at a 5 bdrm house in Westchester County.

We are in the same area as he is, but unfortunately don't do flips, we do new construction.

Back then if you owned it you could work on it, inspectors walked through, if they didn't get hurt you passed, some places had no inspections!

Obviously, the construction crew who replaced the roof felt that it was strong enough to support their weight, the plywood sheeting and the shingles.