I still plan on personally guaranteeing the loan to secure it. 

The county is the second fastest-growing in the U.S. and the fastest in North Carolina.The zoning for the project is already approved, and with our captive audience of potential tenants, I’m confident that all units will be leased upon completion.I’m seeking advice on how to best structure this debt with a private investor or investors in the short term until the property is fully rented and long-term financing is secured.

I do real estate on the side and I don’t think I would have been able to do that without the frame-work and I have in place thanks to Palak and Niti and Open Spaces.They were so generous with their contacts and resources - I connected with many people from their network and am working with them!

@Samuel MartinTo secure a new property deal with limited capital and potential DTI challenges, consider Home Equity Line of Credit(HELOC) or Cash-Out Refinance, partner with someone with capital or credit, explore creative financing options, use a BRRRR Strategy, reduce DTI through income boosts or portfolio loans.

Had them sign leases and got security deposits.

@Sol BergrenBP had a legend on their podcast episode 399: Jeff Thorman who discussed this common problem.My experience there's a handful of root causes:- Subfloor is not level - in which case this is bound to happen no matter how well you installed- Improper installation - I've found the planks seem tight when they typically have a small bit they could get tighter which is why I always use a scrap piece of the interlocking flooring, then while installing each piece of flooring, I pull into place manually as best I could, then use the scrap flooring to lock into the open side of the piece I'm installing and tap with a hammer as needed until the pieces is truly secure in place.

All expenses would go on each account and it made year end accounting very easy.Ally alerted us that they are closing our accounts due to our failure to "properly secure" our accounts.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

It comes out that they made adjustments on October 4th, to a few proeprty ledgers  18 months prior (april 2023).Also they  are trying to claim their 10% fee from the security deposits they are holding for me.They’re now claiming I owe them money that wasn’t owed, it’s only showing as owed beciase of the ledger adjustment referred to earlier.This reeks of fraud to me.

Just got my hands on Devon Kennard's new book "Real Estate Side Hustle" last week, and I'm eagerly awaiting James Dainard's "House Flipping Framework" next month.