Has anyone here had experience with this type of project?

Its current projections are to bring in between 150k and 180k with estimated costs of 60k.  

This is a hard money product,you typically just need a 10-20% down payment, funding will be 80-90% of Purchase Price + 100% of rehab cost.AS LONG AS THE TOTAL LOAN AMOUNT IS LESS THAN 70% OF THE ARVOnce the project is complete you can then refinance into a DSCR loan.

-Higher interest rates and costs for the next property could reduce returns, especially if cash flow projections aren’t realistic.Key ConsiderationsCash Flow vs.

These larger construction companies are able to do up to 25 projects at a time and even have in-house project managers.

So developers are building multifamily on these parking areas.Since these areas aren't located on top of residential areas, the zoning approval process has a lot less friction and resistance from NIMBYs.Here's an example in Rochester where an old Sears was turned into apartments for seniors.https://www.passero.com/projects/skyview-park-senior-housing...For multifamily developers, this could be an opportunity for building and partner with the mall owners.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $8,000

Cash invested: $20,000

In 2013, I decided to put much of what I had learned from books into action by purcha...

Best of luck with your project!

You can also hold money for maintenance, capex, taxes, insurance, or other projected expenses.

It helps to know which plumbers or electricians like a remodel project vs a new build project.