Best Regards,Raju Hi Raju, I know this thread is really old but wanted to follow up and see if you ever went through with investing in this area.

However, all the sold comps are crossed out after following a three-tiered system to determine the ARV:T1: Stay within one-miles radius, sold for fewer than six-months.T2: Size of the properties are within 200 sqft., must share certain attributes (bedrooms, bathroom, etc.).T3: Compare property typeIn "The Book on Flipping Houses" by J Scott, it mentioned about adjusting the value of the comps to ensures that they resemble the subject property as closely as possible.

Under bidding, poor quality, not following timelines - those will all kill your project.

Bottom line- As with all lenders, hard, money lenders have a process they follow to approve deals. 

Now, maybe the location is not the best, you will have to do your due diligence, but follow my train of thought on this one. @ $700k with 5% down : you would need $35k : why $700k if this is listed for $600k Bc as an example: you could do a construction loan where you buy the home for $600k and use $100k for the ADU.

For anyone following: It cost me $5 to file the updated statement of info and I simply drafted an amendment to the existing internal operating agreement to clarify our intent to operate as a married SMLLC. 

The analysis is targeted to small time DIY landlords with 1-5 properties with minimum requirements to be able to do the following tasks online:  Listing/Syndication, Applications, Screenings, Leases with eSignature, Payment Customization (i.e.

In these early stages of learning and developing as an investor, I'm primarily focused on properties that may require the following: paint, flooring, bathroom/kitchen remodel, drywall, light fixtures, exterior landscaping, siding, or new HVAC.

Effective December 1, 2024, ownership of the property has been transferred from Michael Anderson to Electric Sage Brush, a limited liability company.All terms and conditions of this lease agreement remain in full effect, and all payments, notices, and correspondence should henceforth be directed to Electric Sage Brush LLC at the following address:2001 Space Odyssey Dr, Cody, WY 82414This change in ownership does not affect the tenant’s rights or obligations under the lease agreement.All parties sign to confirm the change.

I'll post updates here in case anyone wants to follow along.We syndicated in the states to fundraise enough for architectural renders, entitlement, legal, and to pay off the land. 1/4 of total funds required have been deposited in our bank account.Convinced a world-class architect to do luxury design for us.