It is certainly a tough environment for deals right now - but also remember that cap rate is on the value and interest rate is on the debt balance so its not an immediate 1:1

Request data on default rates and how they handle defaults.Check Licensing and Regulation:Ensure the firm is properly licensed and regulated by the appropriate state or federal authorities.Confirm their compliance with all relevant lending laws and regulations.Assess Financial Stability:Review the firm’s financial statements and balance sheets.

While the Fed Chairman remained balanced in his comments, he did sound a bit more dovish: “Reducing policy restraint too late or too little could unduly weaken economic activity and employment.”

It's a balancing act and that's what landlords need to do to cover risks.

You can withdraw up to 50% of the balance every day.  

As my relationships started growing with banks they started becoming more scrutinizing on me; my liquidity and my balance sheet. 

The owners do not have capital to rebuild this property My question is - can the owners negotiate with the lender on the recourse loan balance as the property will be demolished?

This is why it is important to have an operational account that always has a minimum balance.

Remember, the key is to balance cost with quality and durability to ensure your renovations stand up to buyer scrutiny and add value to the property.Let me know if you're ever looking to get a quote on your next fix and flip deal!

The HELOC was the original plan, but it was going to take too long to close so we did this instead.My 403b has a value of roughly 85k and has a remaining loan balance of about 22k… about $700 per monthMy husband’s 457 has a value of roughly 180k and has a remaining loan balance of about 30k… about $850 per monthSince the HELOC is a variable rate, I’m hesitant to use a large amount from that.