All Forum Posts by: Tyler Lee

Hey guys! Trying to consider the best financing/investor options for my first land development deal I just placed under contract in NC, and would love insight from investors that have prior experience. Here's the deal:

8 acres of land purchase price: $565,000

Will need to rezone for multi-family, tear down an existing home and build a road, connect utilities, etc

Intend to build at least 18-20 townhomes depending what zoning allows

Comps for new build 3/2.5 1,400 sq. ft. with garage for $300,000 - $325,000

My question is: how should I best structure financing for this deal? I typically use hard money for all of my fix & flips since I'm self-employed. I have six figures of cash to put in, but should I partner with a builder that has access to funding and can help carry a multi-million dollar loan, or try and raise private capital for the downpayment, holding costs, etc? If I do partner with a builder, what do profit shares typically look like for a project of this size? I appreciate any advice you can share.

What lenders do asset-based refi's? I'm not a W2.

Hi everyone, I've been fixing and flipping houses for 3 years, but I've been hearing about the BRRRR strategy recently.

I have an incredible property in a booming neighborhood on the edge of uptown Charlotte, NC that's transitioning quickly. I would like to hold it because the sales prices are skyrocketing, but I don't want to tie up capital to limit me from other opportunities if I go the buy and hold route. Here's the scenario: I paid $170k, spent $85k in renos, and have approximately $20k in holding costs, fees, etc. The ARV is currently $350k, but continues to rise 15% - 20%+ per year. I can currently rent it for $1,800 / month or probably double that on an app like AirBNB.

How does the BRRRR strategy work on this scenario? Will a lender take a percentage of the ARV on the refi and I would not have to put capital down, or do they take a percentage of the current money I have into it for "skin in the game?"

Thanks for any advice you can offer!