Any other words of wisdom would be helpful.I figure this could be a great thread for all pre-construction newbies.

I have a strong amount of equity (close to 6 figures) in my house, and a lot tucked away into savings and retirement.

So I figure it was best if I started the research and asked the questions so it couldn't happen again.

The agreement stipulates the mutually agreed value at time of assignment and how any future profits above that figure will be distributed to the beneficiaries... say, 100% to you after paying the mutually agreed value previously negotiated.3- set the term: At termination of the Trust, you have right to purchase the 1st beneficiaries interest in the trust.

Anyway, I figured that after purchase price, just shy of 20k in rehab, and reasonable holding costs, the profit would come in at 34-38K so I put the property under contract and proceeded to look for a buyer.I was given the name of an experienced rehab and holder and contacted him about the deal.

Ok, I need some help on figuring out how to finance this deal.

:badwords: I figured my rate would go up, but I was in for a rude awakening when I found out that I was going to get dropped entirely.

I figure something with a lot of units would make a decent income.

I figured it would be a good idea to get advice from pros (or atleast people more knowledgeable than i :wink:) as i go along since i'm 23 and don't know what the hell i'm doing yet!

This is a long, detailed process and if you don't really know what you are doing, than you'll spend hours trying to figure it out and that's just time and money wasted.