The loan can be used to refi an existing home or purchase a new one including new construction.

My biggest interest in foreclosures / under valued homes that just need a lot of TLC. we have done minor landscaping, new floors, counter tops, and currently working on rebuilding the 1 car garage, so my construction experience is slowling building... :)thanks for the great site, i'm sure i'll be talking with you all on another thread!

This one might be bet for the appraisers out there.

Given that Congress has to do nothing to reenact the Estate tax, I'd bet $1 to anyone that it is reinstated.Another issue are Medicaid rules.

I am a real estate appraiser with considerable experience in the construction field.

Whelp,I'm taking on my first building project :idea: Now,I'm young (just turned 20)...and in the past year, and initial year I've been investing in real estate.....its been damn good for me, flipped 3 new constructions before they were built and actually never made a single payment (except a few on the last one), w/o using ANY liquidity.

Contractor's insurance should pay for any construction mistakes.

Hello,Could someone please provide me with some information on the time scale for:1) buying land2) constructing houses (6 5 bedroom houses)3) marketing and selling the housesMany thanks,John.

If you're in a stagnant / declining market like mine then you probably aren't going to make a fortune buying pre-construction homes.

Hi everyone. 35 years in the construction business-15 years in architectural woodwork installations as an owner/installer.