Originally posted by "rcfran":If you must ask such a basic question, you really need to reconsider your investment choices...Thank you for being constructive here.

what i was saying is that i prefer rehabbing, but i have a little construction experience, and i'm mechanically inclined.

I plan having 1 minor construction task done: filling in one doorway to a cubby on the 3rd floor and then knocking down a wall from the master bed to form a walk-in closet, and then professionally repainting and cleaning the place.

My husband and I have been doing this pre-construction thing since '05 and didn't know real estate would take a dump.

If you were to walk through the streets of downtown, you may not see a lot of construction.

I'm going to keep your points in mind when I construct my sales scripts.

We specialize in $5,000 Pre Construction (Construction to Perm) Loans.$5,000 Out of Pocket90% of Value/100% of CostConstruction to Perm loanOnce construction is complete the loan modifies into a 5/1 ARM with no additional fees/costs.

There is a conventional loan program that allows for up to 80 ACV (after construction value) for rehab, guts/build outs, teardowns, etc. if you have a 641 mid FICO.

Needed some work, so I partnered with my brother (I had the money, he's got the construction skills) and bought the house.

We paid cash for the construction, but we needed proceeds from the final sale to come to the building company who was not in title yet.