Timmy Chen
New Construction Homes Pros and Cons
Hi Everyone,
Currently I am looking at a real state development and current they only have demo townhouses homes. They are currently in stage 3 of the development and are offering 10k incentives Builder and 2% Sell...
Melanie Liu
Builder wants to cancel contract. What can I do?
We signed the purchase agreement back in December 2020, and it was scheduled to be completed by 4/15/2021. However, the builder has been delaying the building, and recently we were told that they wanted to cancel our ...
Brandon O.
Rent to Retirement New Build
Has anyone else had a negative experience with a Rent to Retirement new build in Cape Coral? There have been multiple delays and price escalations from the home builder and very poor communication. We are out of count...
Trinh Huynh
Builder not follow thru with repair request. What to do?
I bought a duplex from a local builder in New Braunfels, TX. Right before the expiration of the 1 year warranty, I hired a professional inspector to inspect the units. The inspector gave a list of items to repair. ...
Danial Qureshi
Landlord Insurance Recommendations - Philadelphia
Hello BP! My wife and I are under contract on our 1st SF investment property in Philadelphia. I was currently in the process of obtaining quotes for an insurance policy for the property. As I'm not living in the prope...
James McGovern
Is the Only Way to Negotiate a Lower Price with Builders...
Is the Only Way to Negotiate a Lower Price with Builders is to have a pain in the butt inspector find a laundry list of problems and meaningless in the grand scheme defects to compel them to cut their numbers to move ...
Joseph Escamilla
Insurance when Rehabbing
A friend and I are under contract to purchase a property in the Poconos. The primary use will be as a Vacation home for our families to use with the potential to list it as a vacation rental in the future. We are get...
Account Closed
Ways to prevent Builders from Coercing and Steering a Loan Originator's contracted borrowers?
Does anyone know of some ways to prevent Builders from Coercing and Steering a Loan Originator's contracted borrowers, who they've obtained a Loan Commitment for, to their "In-House" or "Preferred" lenders?
T...
Allan Smith
Builders/Developers - What are your minimum deal standards for profit?
I'm referring mostly to 1 - 6 unit SFR spec builds. I'm trying to figure out what my minimum deal standards should be when making offers on land. For context, I'm looking at developments where I am the builder and man...
Pavan K.
Blown Away - 7.5 % with 2.25 points
Just got of a call with the Builder's lender financing team. This is for a new construction SFR (expected completion - Sep 2024) which will be used as Investment Property.
That's the rate they quoted (7.5% with 2.2...