I know quite a bit about construction and want to try my hand at REI and rehabbing.

The ARM is going to start adjusting, but if you want to gamble and think rates will go down by when the rate starts to re-adjust, an ARM may be for you.

The development is so rapid and new construction is booming and is supposed to for the next while.

lol..wow you just talked me out of considering pre construction investments.

In my area any new construction needs a 30 foot setback and 10 feet of clearance.

As my realtor tells me, "people still need a place to live".If anything, I have seen a major slowdown with new construction developers.

Moreover, real estate appreciation is running 25% per annum on pre-construction purchases and around 15% per annum on completed units..... combine this with possible Tax benefits for US Offshore Investors and the Philippines has to be a "Win-Win" opportunity....

if you are thinking about investing in pre-construction in the central florida area, give me a call. i work with many different builders, choose which one is best for you.

Positive is possible if you do an adjustable and pay the negative am after the first year, which is ok if you plan to keep it really short term.Here are your 4 major monthly expenses on a rental investment:1.Assume 7-8% interest rate for your loan (non owner occupied have higher rates keep in mind) with good to excellent credit (unless you buy down the points) Now you can guesstimate the note.2.Figure out your property taxes for each month3.Get a quote on homeowners ins. for the year and do the math so you know what it costs per month.

If you're going to do the heavy work yourself, search for the best deals on your construction materials.