.: 1,311 Building Depth: 38.00ft Neighborhood Type: Residential Construction Type: Frame Do you think this would be a good deal?

I personally think a combination of a quick income producing strategy and a steady income strategy are the best bet to develop wealth in real estate

I worked construction last season until October, Make about 6 grand a month GROSS, now Im going back to it this summer for 6 months then I am going to work on the oil rigs in the winter months,If all goes well I will have made over 110K gross in the next year..My question is I have no credit, Can I gain enough credit in the next year and only have worked with my company for one year to obtain a mortgage?

You best bet will always be to track down motivated sellers directly.

Originally posted by "MikeOH":I think pre-construction is VERY RISKY with the current real estate market; tightening of lending standards; and impending recession.

Any new construction/renovations is going to require you bring everything up to current code.

I've provided technology consulting services to the construction and real estate industry for nearly 10 years.

One of them didn't need caulk at all but needed the siding taken off and the tar tape(not the real name) put around the new construction windows.

That is amazing - and I bet many people on BP would qualify.I also learned mind blowing stuff like: did you know you can 1031 exchange OUT of something you own INTO something you already own?

I am great with the construction and development side but, the creative strategies to procure financing are always a challenge that I'm working hard to improve.