“It is Time for New Construction Again”

“It is Time for New Construction Again”

 

 

 

 

Hi Joe,

It has been some time since we have interacted. For the last few years I have been building simple family homes in North Carolina, basically 3-4 a year. My family and I are moving back to Connecticut and want to pick back up where I was a few years ago. If you recall the subdivision where I was building, I still have 4 lots, fortunately no debt. I need to arrange for 2 construction loans as soon as possible. I have actually arranged to use the same subs I used to have, the foundations are just about done and will be hooking up to water and sewer next week. I will be using the same Realtor you hooked me up with many years ago and he is going to get me the estimated values, but my guess is in the high 300K range.

I am overnighting all my documents, you should have everything tomorrow. Is the same lender that we used still doing business, loved working with them, again you hooked me up.

As you know I have always put money into every construction project and plan to with these projects as well. Can we do a $200,000 construction loan on each home?

One more thing, I have already spoken to my agent about looking for another property I can subdivide, I would want to start sooner rather than later. Keep your eyes open for me.

Can’t wait to get back up there. We already have a deposit on our current residence, closing the first week of January. All the best my friend, contact me with what else you may need.

 

 

I have worked with this builder for 20 years before he decided to head South, but now it’s time to come home.

 

I am seeing more new home construction and hopefully that will continue, as the demand is there.

 

 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 2 commentsJoe Petrowsky • January 07 2020 03:46PM

Comments

Welocme back to Active Rain!

Good luck in your new ventures of home building and developing land. Its a good niche since most of the country is short on single family home inventory

Posted by Sham Reddy CRS, CRS (H E R Realty, Dayton, OH) 6 months ago

Good morning Joe. And the small builder turns to the best source available to him, the mortgage broker. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 6 months ago

Participate