You want to make sure they are at or below 5% to make sure they are able to stay solvent.

I would also add, a contractor that you can buy materials for and they know how to put them in with little to know direction (reduces the management time of the project).

If so, I'd like to connect and get pricing for a couple of permits out here in FL.

Welcome to BP.

Again, if your $250k is true, and includes all the electrical upgrades, new plumbing runs, potentially new foundation pour (since I assume the existing garage slab is not capable of supporting a new two story house), I am guessing since I don't know the market, but assume you will have a lot of equity by completing the project.

How Tiered Returns Can Help Structure Private Lending DealsHey BP community,I wanted to share some insights on structuring private lending deals, particularly when working with private investors to fund real estate projects.

Mistake #3 was not having knowledgeable people around to be able to ask questions.

My accountant wants me to start doing this in the event of an audit being I’m starting larger projects and will be implementing cost segregation Thanks

Keep in mind all this stuff is uber regulated, very detailed, far from simple.

I decided to buy the property from my grandfather using a gift of equity, which allowed me to take over ownership without having to come up with the full down payment and pay for the tax lien and his closing costs.