All Forum Posts by: Scott P.

Considering finishing the Associates you've started, then getting a B.S. part-time while doing RE full-time.

After ALL approvals and permits:  1. have a licensed land surveyor stake the house corners on the lot.  2.  if you're not an experienced Builder, have one company put in the foundation (place erosion controls, dig, pour footings, call for inspection, pour/block walls, set anchors, wait 28 days), do rough backfill 3. have framer frame the house.

The Builder (called a Developer in some areas but not my area) does all 3 steps, or you'd do them if you're the Builder.  (In my area the "Developer" makes the land ready to build on by putting in water lines, sewer lines (unless septic), roads, etc.

I had the same thought as you about the heater.  I agree with Theresa Harris.  That's what i'd probably do but i wouldn't have left these issues to complain about other than maybe the screens.  For sure they may be "high maintenance" but maybe they just don't want  you blaming them for problems that existed when they moved in.  Now...if they pay timely and you don't mine talking in circles w/them, maybe you just do that and fix little things once in a while.  I wouldn't have left the lumber scraps and you don't want a cover off an outlet or switch or anything else.

In my areas I refer them to what is called a Township Trustee. They are an elected political entity just below the County level. The tenant sends me a form to fill out and then meets some sort of qualifications with the Trustee. The Trustee has always pays but i think they only do it for a certain amount of months. Maybe 3 max. They've done this for many years, long before Covid. I think the Trustee is funded by property taxes but i'm not sure.

In my areas I refer them to what is called a Township Trustee. They are a political entity just below the County level. The tenant sends me a form to fill out and then meets some sort of qualifications with the Trustee. The Trustee has always pays but i think they only do it for a certain amount of months. Maybe 3 max. They've done this for many years, long before Covid.  I think the Trustee is funded by property taxes but i'm not sure.

In my areas I refer them to what is called a Township Trustee.  They are a political entity just below the County level.  The tenant sends me a form to fill out and then meets some sort of qualifications with the Trustee.  The Trustee has always pays but i think they only do it for a certain amount of months.  Maybe 3 max.  They've done this for many years, long before Covid.

@Stephanie P.  I've done one time construction/perm loans before.  Currently in my area Old National Bank has a good deal on them.  (Apologies to Mods if i'm not supposed to mention a business.  I have no business relationship w/them or anyone who works there at the moment.)  I'll keep your contact info handy though in case I have a need in which case I'd be happy to contact anyone you might refer me to.  thanks!

@Samuel Watts, thank you for your help.  House and about 177 acers sold/closed last month with the person you referred us to (D.B.).  Wlll keep the balance of property for a while.  Thanks again.

For land developer consider:  office work with a Civil Engineering or Surveying company or construction work as a heavy equipment operator (bulldozer, hydraulic excavator, etc.), or sales person at an equipment rental company who rents equipment to developers,  or real estate agent, or work of some kind at an electric utility company who provides electricity to new neighborhoods, etc.

For duplexes / triplexes consider working at a hardware store/lumber yard in sales or stocking items, or in any residential construction trade (concrete, lumber framing, plumbing, electrical, drywall, etc.) or as a leasing agent or maintenance person at an apartment complex, etc.

Anything related to the goal of developing land and designing and building or selling homes would be helpful.

In my area, it would be unusual for a Buyer to buy a lot and house from the same entity and not have just 1 agreement.    On the other hand, if the developer is selling only lots and not houses , then the Buyer would have 1 agreement for the Lot and perhaps not even know who the Builder will be until later, at which time there would be a 2nd agreement, with that builder, to build the actual house.