Palermo Development??

[dedwards04]

Has anyone here used Tony Palermo to build their house? If so Im looking for feedback. Im buying some land from him and hes offering basically a turn key deal to build on the property. You can PM me if need be

[ScubaLatt]

IMO he's a crook. plain and simple. a very greedy man. will never have anything to do with him or his business. That goes for his piss poor brother, Joe. Both of them have a special place in hell when the time comes.

[specknation]

Originally Posted by ScubaLatt

IMO he's a crook. plain and simple. a very greedy man. will never have anything to do with him or his business. That goes for his piss poor brother, Joe. Both of them have a special place in hell when the time comes.

WOW tell me how you really feel LOL

[bjhooper82]

Originally Posted by ScubaLatt

IMO he's a crook. plain and simple. a very greedy man. will never have anything to do with him or his business. That goes for his piss poor brother, Joe. Both of them have a special place in hell when the time comes.

Something tells me your not very fond of the guy.

[T-TOP]

Originally Posted by dedwards04

Has anyone here used Tony Palermo to build their house? If so Im looking for feedback. Im buying some land from him and hes offering basically a turn key deal to build on the property. You can PM me if need be

Where you buying? Ask the board the suggest some builders. You'll get good referrals

[weedeater]

theres several reputable builders in there area for turnkey jobs or if you feel like saving alot of money you can sub it out.... I saved around $75000 doing my own and if you see things you want to do differently or custom it dont run into as much extra money.

I have a list of guys if you need some references

[Goggleeye11]

I wouldnt do any business with them.

[dedwards04]

I want to contract it out my self and do alot of work my self. the only problem is everywhere i have looked wants 20% down for a construction loan. i dont have that much equity in my house im currenty in and dang sure dont have that much saved up. i had this house im currently in built by the developer turn key with zero down. thats kinda the reason i was considering palermo since im buying the land from him anyway. he says he can get 95% financed which was sounding good to me. If if comes down to it ill just have to buy the land and sit on it a while or come across someone who will do a construction loan for better than 20% down.

[weedeater]

you need to talk to a few lenders to see about financing options because if you build a house yourself (subbing out some work) you should be able to build it and end up with enough equity to off set the 20% down....

[sniper3726]

I have a friend who had a business dealing with him, and his words were almost exactly what Scuba said... It was DeJa vue !

[ScubaLatt]

I speak nuttin but the trufe!

[fishinpox]

Juice the numbers for the bank and find another lender that will give u 90% of APPRAISED value not 80% of COST

[budndawn]

Do what pox said... we inflate bids and do this all the time...