Remove Debt Remove Income Remove Plans
article thumbnail

Balancing Work and Study: How an Online MBA in Construction Management Helps Working Professionals

Construction Marketing

Business acumen, financial literacy, and strategic planning are essential for managing large-scale projects. An MBA program sharpens these skills by focusing on organizational leadership, human resource management, and strategic planning. Online MBAs are often more affordable, eliminating relocation or commuting costs.

article thumbnail

What You Should Know Before Taking a Construction Loan

Construction Marketing

It covers land acquisition costs, building materials, construction permits, labor, contingency and interest reserves, closing costs, and plans. Before approving your loan, the lender must review your projected budget estimates, detailed construction plans, and construction timelines to decide on your loan amount.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rapidly Rising Student Debt Keeps Millions from Homeownership

Pro Builder

Rapidly Rising Student Debt Keeps Millions from Homeownership. Student loan payments are holding many Americans back from becoming homeowners by keeping their debt-to-income ratios high. A 2019 survey by Zillow found 39% of potential buyers said student debt delayed their homebuying plans. cbroderick. Read More.

Debt 59
article thumbnail

Phases of Commercial Real Estate Development

Construction Marketing

After acquiring the property, the developer must design and plan the project, considering factors such as building codes and zoning regulations, the intended use of the property, and the target market. They must also communicate their project and business plan effectively to potential investors and lenders.

article thumbnail

Making Sense of the Construction Tax Landscape

Viewpoint Construction Technology

Dreyfus noted that construction companies should be planning ahead — both in terms of taking advantage of incentives like investing/building in specially designated Qualified Opportunity Zones throughout the country and taking advantage of tax credits like 179D and R&D, and preparing their companies to weather economic downturns.

Viewpoint 204
article thumbnail

Construction Bad Debt What To Do About It

Contractor Bookkeeping

All construction contractors have experienced the financial pain of bad debt which is defined as a customer who refuses to pay no matter what you do. Oddly enough most of them paid the debt years later and all of them were very appreciative that we treated them with courtesy and respect. Knowing The Answers Helps.

Debt 51
article thumbnail

Biden Announces New Plan to Help Homeowners Save on Mortgage Costs

Pro Builder

According to the White House, more than 80% of FHA borrowers are first-time homeowners, and over 25% of the homebuyers are people of color; the program does not have a minimum income level to qualify, but debt levels and credit ratings are still taken into account. percentage points to 0.55% for FHA-insured mortgages.

Plans 52