If the borrower doesn’t pay us every$3.2 million by Jan 15, we file the deeds, and have two offers for the properties in the $3.9 - 4 million range.  

Hard money loans offer fast approval and don't risk personal assets but come with high-interest rates and fees, which can be tax-deductible as carrying costs.

While an LLC offers liability protection, it does not change how taxes are reported unless treated as a partnership or corporation.

On the other hand, a detailed quote with a higher total may offer more transparency and reduce the risk of surprises as the project progresses.I specialize in consulting services for situations like this, where I help clients evaluate contractor quotes, ensure transparency, and navigate the renovation process with confidence.

This person did not raise any money, they invested around $600,000 into the offering and because they were one of the larger investors were considered a Co-GP because it was a new sponsor and they needed this persons $.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

I would say get connected with a local agent and also set up with a lender that has you pre approved to make it super easy making offers.

But for those who do, it offers an opportunity to be part of something transformational—creating a model where real estate serves as a tool for building people, communities, and lasting value.I’d love to hear from others who’ve worked on long-term, mission-driven projects.

If you haven't already, you should research the stats on Furnished Finder to see how many people are looking for a midterm rental, how many units are currently available and the configuration and prices hosts are offering.

Yes, it's crucial to get the right structure in place—setting up an LLC in the state where you're operating can offer liability protection.