They took tend to take longer to close..

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Congrats on taking the first steps! 

If you cant close the deal without borrowing money or selling stuff (which both frequently take time), then its not a cash offer until those funds have settled in your account.If you are going to borrow money, a 15yr or 30yr mortgage is probably going to bring the lowest interest rate available.

This is a great place to learn and to connect with people so take advantage of all the great resources.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hello All, Please help me analyze this BRRRR deal and figuring out what's missing here.What are the holding costs based on?

@Tyler Kesling who are you going to be partnering with to take down a 20+ unit property?

It had better be a great deal to be worth dealing with all this headache and taking on this risk. 

Be skeptical of the developer's claims, as your property's value likely won't see substantial growth until the entire development is completed and sold, which could take several years.

So on one hand, they couldn't afford to take on more NPAs.