You take a short class 30 minutes over the phone and once you finish this process you typically can save around 1% off your rate!

& track my job costs against each category so I can compare my budget vs actuals and calculate the variances.For example:Electrical Budget: $4,000Electrical Actual: $6,300Variance: +$2,300This process is more tedious because you have to breakdown each invoice or receipt and allocate the costs to each Category, but it really helps you understand where you are spending your money and why you went over budget.Otherwise, it sounds like you are having trouble measuring employee productivity?  

So take into consideration the holding costs of making no money for years into the process. 

This is important because these are generally the property owners with standing to file an appeal if they are not satisfied with the plans which can become a drawn out and expensive process.  

They are familiar with the BRRRR process and can provide tailored financing solutions.

This significantly simplifies the process as it takes the secondary market out of the construction part of the process. 

What would push the needle for you as a broker to confidently move forward with a buyer in the process of acquiring a building?

Always a good idea to include a tax accountant in your decision-making process. 

The process is very involved as you'll have to navigate pre-construction activities that involve architectural plans and approval from the city and then the construction activities (Shovel to soil) take anywhere from 5-9 months depending on how much your building. 

And for anyone considering them, what questions do you have about the process?