Address Your Financial ProfileBridge the Revenue Gap: Highlight your equity in the duplex and use your sale proceeds to demonstrate “skin in the game.”Partner to Compensate Experience: A financially strong and experienced partner can help offset your limited track record.Focus on the Land Deal: Secure the land at a good price, as it’s a crucial step in gaining credibility and attracting partners.Final ThoughtsYou’re entering an exciting and impactful space in real estate development.

I realized how much of an impact the right agent can have, especially one who:Truly understands the market.Has firsthand experience.Is willing to share their knowledge.Now, with his guidance, I’m working on a project that could be a game-changer—if we can bring in the right capital partners.

The light in the unit was awful, I had a blood-red fake leather couch, and I took horrible photos with my cell phone.

After 20+ years in real estate partnerships, here's what actually puts you on the IRS radar (and what doesn't):REAL Red Flags That Matter:The Partner Complaint TriggerDisgruntled partner files Form 8082K-1 disputesPartnership disputes leading to tax filingsReal Impact: Instant IRS attentionSuspicious Loss ClaimsLosses exceeding investmentArtificial basis inflationSudden large losses without economic realityExample: $100K investment claiming $500K lossesRelated Party GamesCircular property flipsBelow-market transfersFamily partnership schemes without substanceWatch Out: IRC §267 and §707(b) violationsDebt Engineering Red FlagsBasis inflation schemesArtificial guarantee arrangementsPartner debt shifts near year-endCritical: IRC §752 compliance matters!

They should able to answer how the proforma returns would impact a $50/100k investment in dollar amounts.

Has anyone here retired debt-free, and how has that impacted your life versus maintaining debt for investingLooking forward to hearing your thoughts and experiences!

I could care less if someone smokes marijuana but worried it might impact other tenants & future renters.What are my options, if any?

Another option is to co-sign but that has the same impact on my credit and responsibility to the bank.  

The shorter the prepayment term has an impact on increasing the rate.4.

That being said, your typical cost of capital is as follows:EquityAgency debtBalance Sheet local lenderDebt FundPrivate DebtPref EquityHard Money DebtBookie/Loan SharkOther things that will impact capital sources: are you wanting to finance the improvements, or will you pay for those from equity/cash flow?