Just be sure to read the fine print and watch out for any fees.

The annual cost of doing my LLC in WY is usually $200, less than my checking account fees. 

However, you would sell these loans at closing for a commission or fee.

Over the last (3) years I have seen some extreme cases of expedited equity where an investor buys an older home or "Ugly Inventory" and then bats clean up on the ARV in 12 months.To give you an example I helped an investor refinance her home in 2023 pull cash out to buy a $65K home all cash.

If the work is not 100% complete by the end of the Escrow period, may implement a .50% (on total loan balance) extension fee that will cover an additional construction term of 60 days.

I just paid my attorney 15k today in just fees for 4 entitlement contract red lines and we arnt even under contract yet!  

@Wiey Underwood Prior to pulling the trigger on a Cost Seg study, you should evaluate 2 things:1 - How much net additional deprecation tax deductions a Cost Seg study would provide: Best way to get this is by requesting a free feasibility analysis from a Cost Seg provider.

You can totally do this, work with a realtor or PM and pay them a flat fee for helping turn the property / show the unit.

I would focus on "Ugly inventory" but would pass an appraisal and not be "Subject to" so that I can renovate and refinance on the ARV in as little as 6 months to pull out my initial capital and enough to put down on the next REI.On the flip side Indiana and Ohio would also offer a sale price to cash flow ratio since you can still find a great deal in both states.  

They had purchased a home in Waldo in March of 2023 and refinanced to pull cash out to buy the new home in Lawrence.