That said, delivering this level of quality requires a significant investment of time and attention on every engagement, which is why I simply can’t charge low rates.

I wanted to help them out and minimize their loss and saw an opportunity to get a property slightly below market because of my commission savings, immediate mortgage and maintenance relief, in addition to keeping a lower short term interest rate How did you find this deal and how did you negotiate it?

Since you haven't started the project yet, use this time to network with lenders to see who offers the best terms....seasoning, rate, leverage and pre-payment penalty terms. 

The numbers are in line with anyone who starts a business, it's like a 90% fail rate to be an entrepreneur.

This can’t have a lower rate of theft/fraud.

For the most part, due to interest rates, breaking the 1% cap rate still won't provide positive return after expenses.

Thankfully we are commercial bank clients so our rates are as low as you can get in the market place for anyone who is not Lennar or DR horton or those types.

Quote from @Guillermo Perez: Can someone please let me know if this is ok for my first BRRRR.I got a $200k HELOC on my primary residence to help fund my first BRRRR.

If anyone has experience with their lead quality, conversion rates, or overall value, I’d love to hear your insights.

I see it every day in my fundings I do in 8 markets.