All Forum Posts by: Donald Capwell

I've had the same experience as Simon and Shannon.  Getting the letter is easy, but there is still a deal evaluation phase after you are under contract.  No guarantees, just proof that funds are available if the numbers are good.  

Go get 'em!

thank you for the info, @Rachel Pervis... I'm really surprised at the low margins mentioned from those with experience, but it is all valuable info!

thank you for you input, @Trent Currie!

Thanks, @Zana Blue.  

congratulations!!!

great job!  Nice work, too... Thanks for sharing...

Yikes, @Rita Blinchik, that's insane!  Is that normal out your way???

Welcome, @Ekaterina Gelashvili!  That's some long-distance investing!  Have you done this before?  Do you have folks with boots on the ground, or is this just your plan as you move forward?

BP is a great site! If you're new to REI, check out all of the valuable resources for information in the Education tab (above), and dig in! Ask questions as needed, and enjoy the ride!

Cheers!

Looks nice.  let us know if you get asking price, @Keith Jourdan!

Thank you, both, @Jay Hinrichs and @Bill Gulley.  And my goal is certainly NOT to build a white elephant, which is why this thread has been so helpful.  I am not in the new construction business, and normally am uber-conservative with my numbers, so having an understanding of what a deal looks like to a builder helps me a lot... And I will add that much more of a conservative slant to the eval.  I won't feel a sense of loss, either, if the builder trips over himself to do the deal because my evaluation was too conservative.  good for him/her, and an opportunity for me to learn even more directly from them...

Cheers!