The goal is to keep these for rentals.I currently own the land personally and am funding the builds with a combination of HELOC and cash - no bank debt tied to these properties specifically.

Together, we negotiated a great price of $20,000, allowing us to allocate more funds toward renovations while ensuring profitability.

You can do an 80% LTV cash out refinance, but it will depend on the state and if the property can debt service at the higher LTV 

Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lenderHow did you add value to the deal?

Finally on 5/14/2021 (day 348) the refi was closed and funded. 

We process, underwrite, close and fund the loan.  

You will make more money bring 20 deals to someone who knows what they are doing and can fund the deal then you will if you do one deal that you loose your *** on.   

Due to the creativity of the deal conventional funding is not an option.

And with a twist, that everything from day 1 is designed and built to facilitate intaking private $ into the "fund".

Most seller's in a sub-to don't understand the risk they are taking and most lenders have concerns over the overall portfolio quality ratings which has an impact on their cost of funds.