Most of my CFO clients that are in residential development are looking for IRRs (usually over a minimum 5-year period) in the high teens and the commercial developers are looking in the low to mid 20% range.

You can get solid cash-flowing single families in the 90-120k price range and duplexes in the 130-180k price range.

You’re going to have to find a specialized function that can’t be farmed out to the Philippines in the $5-$10/hr range.

Hopefully rents start going up 2nd Qtr and into 2026 and 2027.What price range do you want to be in? 

Navy Federal does HELOCs on investment properties…not sure if LLC is OK…and rates are in the 10.75% range for an investment HELOC in March of 2024.  

However, if you have more then 2/3 within a certain range of each other, none of them will work.

Operating in the Luxury SpaceWe focus on properties in the $1.4 million to $1.9 million purchase price range, which allows us to sell finished projects in the $2.5 million to $3 million range.

The house, if listed to sell, would likely be in the $320k range.

If anything’s not up to code, you’ll need to fix it before they sign off.As for costs, you’ll have permit fees—those can range from a few hundred to a couple of thousand dollars.

I'm in a couple of funds so the range is 10-12%.