Construct loans in CA

[Art Martinez]

Hello everyone, we have decided to dip our toes in short term rentals in CA. I currently own two properties, one of them is cash flowing nicely in Arizona. 

We live in Nevada and want to build a short term rental in Big Bear CA, with the potential of having a Next Gen option so we can also visit on holiday weekends, while staying in the Next Gen Suite.

All three of my house I’ve owned were new builds, as they were my primary residence. But I’ve never used a construction loan before. I have a great realtor in Orange County, but he has sold a few properties in Big Bear before. I’m looking for some feedback or advice into this process.

Thanks in advance for the feedback.

Art

[Jacob Sherman]

Feel free to reach out to me anytime with any questions in regards to construction loans