Financing Spec Homes

There’s more than one way to get a construction loan

1 MIN READ
When a builder asks how moving into the houses themselves. I didn’t make much on those projects — I earned my wages during construction, but there were no real profits to split. My agreement with my partners didn’t have any provision for me to be paid a management fee if they decided to move into the homes themselves. That was a rookie mistake — if I had it to do again, I’d have a contract that included a builder’s fee for me in that event. My partners had an initial disappointment when they had to move into the homes instead of raking in a nice profit. But we won’t know the end of the story until

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