Noah Cull
Getting Started, Growing, Investing
28 October 2021 | 6 replies
The Milo’s tea plant was recently built there, there is a Macy’s distribution center right across from Milos, and a lot of other new construction in and around Owasso.
Jose Bordes
Hard Money Draws on a reimbursement basis
28 October 2021 | 8 replies
It looks like if that's the case, investors might as well cover the construction costs and not go thru the hassle of a draw.
Colby D Hollins
Appraisal came in low on a 203k loan...now what?
29 October 2021 | 11 replies
Hello BP members,So I am about to close on my 203k construction loan; however, my appraisal came in lower than what I needed it to be at.Details:Purchase price: $105kRehab + contingency: $100kLoan amount: $205kDown payment amount: $13kAppraisal: $185kUnfortunately, now I have been given a couple options from the lender which are:1.
Sophia Wang
Best way to structure a deal in Self Directed IRA (Roth)
27 October 2021 | 4 replies
We plan to build a home and sell (construction budget $250k, home should sell around $400k).
Chad McIver
Best avenue of finding New Construction buyers?
27 October 2021 | 1 reply
You could also check permit activity and see who is pulling a lot of new construction permits....
Dan Kim
Just getting started
28 October 2021 | 9 replies
Complex construction projects are the easiest way to lose money, and the toughest for inexperienced investors to be able to pull off.There are a lot of inexperienced contractors as well who will gladly give you a quote for $50,000, get half way through the job and not be able to complete it or need another $50,000.
Patrick Thomas Dickinson
What should I buy next with my current finances.
29 November 2021 | 16 replies
@Lydia Barnew construction in conroe texas.
Keelia Purscell
Multifamily and Adaptive Reuse
28 October 2021 | 0 replies
It's a great way to offset some of the supply chain and labor issues affecting the construction of new projects.
Chris Martin
Construction Loan Structure for Multi-Family Development
28 October 2021 | 1 reply
We'll worry about phase 2 & 3 (the remaining units) later on- Phase 1 is site development (horizontal construction) for the whole project, and a structure that will contain 10 of the units - Horizontal construction costs: approx $225k- Vertical construction costs: approx: $210k/unit- Assuming loan will be structured between an advance against land for the horizontal and a construction holdback for the rest of phase 1What would likely be the loan amount, term, and pricing (rate, points, fees) for phase 1?
Chris Martin
Loan Structure for Multi-Family Development
28 October 2021 | 0 replies
We'll worry about phase 2 & 3 (the remaining units) later on- Phase 1 is site development (horizontal construction) for the whole project, and a structure that will contain 10 of the units - Horizontal construction costs: approx $225k- Vertical construction costs: approx: $210k/unit- Assuming loan will be structured between an advance against land for the horizontal and a construction holdback for the rest of phase 1What would likely be the loan amount, term, and pricing (rate, points, fees) for phase 1?