At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

Many out-of-state investors make big mistakes that cost them far more than a property manager would charge.

Your team can provide valuable insight and help you avoid costly mistakes down the line.5.

When the whole covid shutdown occurred, I dropped out of college to help my father's service business maintaining and remodeling residential and commercial buildings.

To simplify the scenario I'm envisioning let me put it this way: what does a BRRRR look like when one of the parties contributing to the down payment and rehab costs ultimately ends up being the renter as well?

Starting with house hacking is a smart move, especially in a higher-cost area.

Over the past 15+ years in this business, i have seen the good, the bad, and the ugly. 

This is a business.

Hard money typically refers to a company that has it's own underwriting guidelines, rates (9% - 15%), costs, draw process ect.

While the borrowing costs are higher, I’m exploring strategies where the returns could offset this.