As this was prior to the internet as we now know it we had no support group.

Not every BRRRR deal BRRRR's out completely, something the "no money down" gurus don't like to talk about.

If the llc is with the contractor and he signed that and also signed docs for closing, then there is no leverage.

Quote from @Devin James: We’ve slowly been improving our homes the more we’ve built and the more feedback we get from our Buyers2021 – Added 8ft doors throughout the home2022 – Added a new elevation with stone in the front of the home2023 – NO carpet in the bedrooms, LVP throughout the home2024 – Added hurricane impact windows & new color options2025 – Adding Ceiling FansGotta be open to feedback and adjust accordinglyThis can be the difference of your home sitting on the market for 4 months vs 1 month where's the modifications and pictures?

Legally, I can't rent out the basement as there is no window. 

I have seen a few deals lately on MF but plenty of it makes no sense on pricing to many investors. 

If no change, we added $228,000 to our value.

Raising $5.6mm is no easy task if you have not raised capital before.

If this is a first timer with no prior experience, you might be looking at 70-75% LTC.

No one knows what the future holds but assuming a 7% return over the next 20 years those accounts will grow in total to $2.4M.