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Message
re: Building a House to Sell with a Partner
Posted on 8/11/20 at 9:20 am to GeauxTigersGo
Posted on 8/11/20 at 9:20 am to GeauxTigersGo
Then why haven't you been building already?
The market in a lot of LA areas has cooled off and specs are sitting way longer than they were this time last year. At least here in Lake Charles that is the case and Laffy has slowed as well.
The market in a lot of LA areas has cooled off and specs are sitting way longer than they were this time last year. At least here in Lake Charles that is the case and Laffy has slowed as well.
0
Posted on 8/11/20 at 9:36 am to iAmBatman
we have super strict rules on second homes
Posted on 8/11/20 at 9:37 am to stout
The biggest thing i tell new aspiring home builders is you better be liquid. if you want to build a flip home thats a commerical loan with commercial terms. 30% down 10% reserves.
Posted on 8/11/20 at 10:05 pm to hawkeye007
quote:
The biggest thing i tell new aspiring home builders is you better be liquid. if you want to build a flip home thats a commerical loan with commercial terms. 30% down 10% reserves.
My bank only requires 15% down with no specific reserve requirement.
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