Time is of the essence - Im currently learning an expensive lesson

[Devin James]

Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....

Finishing a Real Estate project ASAP is critical because...

1) Holding Costs add up quickly

- Loan Interest

- Property Taxes

- Insurance

2) Investor Capital

- Our financial projections are dependent on how fast we can turn our investors capital. If we can complete projects faster, we increase IRR and build trust.

3) Market Risk

- The longer it takes to complete a project, the more exposed you are to market fluctuations.

This goes for all things Real Estate - BRRRRs, Flips, New Builds, Rehabs, etc.

Real Estate is a wild ride