- I have never paid 10% closing or near that on any house I have ever purchased), you must have enough money to begin interest only payments, you must have enough money to start construction before you will get any construction money" I am accountant, so I understand numbers pretty well... on a 130K loan you're looking at about 30K out of pocket maybe more...

I am fairly well-versed in construction methods and materials, but short on time and manpower, so-to-speak.  

My hope is to get into rehabbing, as I have lots of construction and remodeling experience.

I am interested in using this method of investing, but how can I manage construction from another state?

I have an associates degree in construction management and am currently enrolled for my BS.

It's the place to be for Class A and new construction.

It has all the utilities ready to go and is ready for new construction.

My husband and I did an FHA when we bought our fist home in 2002, long story short we took out the equity and made that money grow, so that was the only time we have financed from that point on we have done everything cash, so we are not familiar with financing.We would also like to get information on construction loans can you point us to the right direction?

Hey Christopher,I'm not an insurance broker, but usually they need the following for rental property:Year BuiltSquare FootageBeds/BathsRoof, HVAC, plumbing, and electrical system age (if you know it)Type of construction and exterior claddingBasement (finished or unfinished) and square footage valuesSome companies require picturesI hope this helps.

I have been in construction for 10 years, it is kind of hard to reach knowledge quick without prior experience.