Between carrying costs, having to potentially raise equity and/or utilizing debt during the pre-development period  had I settled plus associated time, I  probably would have spent a similar amount of money.

I'm excited you are here and ready to grow your business even more! 

.: Cost of risk scenario. 

Ultimately, it’s essential to consult with your lender to understand what’s best for your long-term goals and costs involved.

If it’s multifamily, I’ve been in the business for 20 years and can share some insights.

Mind you, she used a legal aid attorney, so he didn’t cost her anything.

My budget for the first property is $50k ~ $100k total cost (including rehab).

a property that cost $140k has not had appreciation that has kept up with appreciation.  

Each one with separate addresses and utilities.We originally put $585k of our own money into the project, and by the time we were ready to go to market in 2023 we were into it for about $2M (the pandemic really threw a wrench in our timeline and costs but also greatly increased the value).

I also own a water restoration and general maintenance business in the area and the amount of STR owners that we have spoken with is insane.