People realize they are not going to get 1/3 of value whether it takes a month or a year because of holding and closing costs.

You have to know what you are getting into.3) Make sure they can close in 30 days. 

Hey Mitchell,DSCR is not the same as Hard Money, not even close. 

We got it for $105K off the appraised price, and 45K off the list price with 12K back at closing. 

You’ll want it to include:Purchase priceEstimated repair costs (line item)ARV (after-repair value)Financing costs (interest, points, etc.)Holding costs (taxes, insurance, utilities)Selling costs (agent commissions, closing costs)Profit margin5.

Through your local bank that you are using, are you reapplying for each new home for a seperate construction loan or are you setup as a credit line with them and just submit a new budget for each new home 7 mil credit line  ... new budget for each plan that has been pre appraised in the MAI at the beginning of the project.. they did have to update the Mai last summer but again did it at their cost not mine.. banks have to paper their files.. even though we are selling the same floor plans for 100k more per plan than the original numbers came it at and bank has been paid and has all the closing statements showing this data..

Close to Rellis and the job growth in what the City of Bryan is calling the Texas Triangle. 

If you want to do STR, you want to get as close to the PATH or light rail as possible.

I had grown very close to him and had developed a great deal of trust for this person.

Realtors often put a lot of time and effort into their job, which is why the exclusive signing indicates your commitment to compensating them as they get to you finding a property, getting into contract, and officially closing.