Strong preference for properties that are close to the light rail expansion projects that are currently being finalized in Houston.Hopefully the properties are cash flow positive, but I am willing to go underwater since I am expecting at least 10% annual appreciation over 5 years.Close in properties are very difficult to find (and lock).

If the project was approved by the town that means it is public record and essentially is common knowledge.

Two investors did there research and homework and were about to break ground on a new condo project.

You need to estimate it so you can understand if the deal is worth your time.So, the simple answer when trying to figure out the work that is needed is to inspect the property.Over time you will come to realize projects that are not worth considering and projects that make sense.

Need approx 180K to finish project and pay down credit card debt.Excellent credit but low ficos due to debt ratios.

we used to just do residential loans but my eyes and the owners eyes were always looking at bigger and better things.well we started doing international project funding for construction projects such as hotels, casinos, and condo developments (and of course the raw land projects in costa rica everyone seems to love).a few months ago my boss got rid of our residential side and now it is just the two of us.

The main problem that all of these Manhattan style high rise condos have is that the developers appear to be under funded and unestimated the pent up demand from one to two years ago.They marketed their condos at say $500 per sf only to find out that in reality their actual costs to build were in the $800 to $900 per sf range.So they back out of most of the projects.

My original idea was to convert it to gas, but money is tight and I'd rather not spend 2K for that project.

I also own my residence and will either rent it out when I fininsh the rehab project I close on (purchase) tomorrow or rent out the rehab.

If they project is viable I can help you.