I would likely be able to close on construction financing immediately upon the first home close, and likely have permits ready to go as well. 

i would get #s from a FEW as you're getting started, to see who knows their stuff. if ARV could be as low as 90k you'd pretty much have to get it for free. deals like this sometimes work creatively though. if they're open to seller financing. and you can wholesale creative deals. 

what kind of financing are you using? 

@Justin WilliamsIt sounds like you're encountering some challenges with obtaining financing for a multi-family property due to your credit score.

Hi Amanda, DSCR loans are becoming a popular financing option for investors since there are no restrictions on the number of loans you can have, and you can qualify based on the rents covering the full mortgage payment, no personal DTI needed. 

If you do a 1031 exchange into a new construction project, it matters a great deal whether or not you need to finance the new build using proceeds from your previous property. 

It went all in on the crazy math of owner finance on used mobiles. 

I’m coming with a budget of about 1-2m (including financing) I have contractors that can do all the work for me at a bit over cost (or at cost as partnerships).

Most hard money work as follows:•Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

., 5%), you control 100% of the property and benefit from 100% of the appreciation, despite the bank financing the majority of the purchase.What do I mean by that?