Condos are a little soft right now, so its easier to buy one than a rowhouse which are on fire.

Its sort of like the soft version of a single family BRRRR.

So if it makes sense - say you've bought the land, done all soft costs, there's good margin over and above on LTV/LTC, etc., then I'd say it's an open convo to get a initial draw. 

Also, when shopping for rates have the lender do a soft pull on your credit score. 

I guess that sums up to a group of people who would LIKE TO know what to do, but not one person in the group really knows.So...one 'like-minded' person tells the other 'like-minded' person that they should both try some senseless strategy and everyone can learn by banging their heads on stone walls.The only thing I like about some meetings is when their is soft drinks, coffee and cookies.

But it will definitely have a few million in hard and soft costs together. 

Fishing is good on the lake, mostly large mouth bass.

How do you account for the 4-months of holding costs, and soft costs from the lender...and what are your plans now that it did not sell...$130k purchase on a $176k construction loan and an ARV of $315k, maybe...seem like the numbers still make sense...will you turn this into a rental or try again next season.Thanks for sharing and best of luck going forward

Hey Steve-I'm currently in the "soft opening" phase of what you're looking for in the Charlotte region.

Both SoFi and Discover Personal loans offered a soft credit pull and they gave me a no-obligation quote.