He is a contractor so the older he gets the harder it is to provide.

They want new electric panel, this home has Zinsco and that is one of the thing that we are not eligible to be insured.

The borrower's experience is important, but what's more important is the "Hard Asset," Hard money lenders rely on their due diligence process to determine the potential future value, review the renovation plans to get to that value & sometimes even the contractor.  

I am looking for insights from anyone who has recently upgraded their electric service in Chicago.

I have new plumbing and electric done in all of the units one year ago. 55k investment.

Builder has been building in our area for 15 years and I've gotten good reviews from banks, prior investors and sub contractors.

My team on the ground there handles everything from sourcing deals to renovation, and we've worked with hundreds of investors each year to make these properties cash flow.We’ve built up some solid relationships in Detroit—whether it’s general contractors, agents, or property managers who understand the ins and outs of Section 8.

Connecting with local real estate agents, property managers, and contractors can provide insights into market trends and help streamline project management.

You should reach out to local contractors that have experience with new builds.

Connections, luck... contractor at the time was problematic and not delivering which gave me the opportunity to out perform.