We have many quick rehab deals reappraised and refinanced after the work is complete without much seasoning, usually around 90 days.

Is anyone still active in the Houston Area?

Jace, what specific areas are you investing in?

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

After I was informed this, I pushed the wholesaler hard as their was no contingencies and I was pushed for a 10 day close.

An unencumbered outlook is therefore necessary to provide some comfort in the gnarly world of distressed property.

To thrive in real estate investing, you must maintain a firm grip on your finances.

Hi KyleThe way most real estate for sale is priced these days there’s little to no cash flow after debt service with 25% down - borrowing a down payment would put the investor in a negative monthly position. 

At the end of the day, whether small or large deals it always comes down to relationships.

I’ve got some props in Panama City!