Architecture has been my passion ever since I was a destructive young boy, and like most enthusiastic and idealistic emerging architects, there is a moment of reckoning when you discover the disconnect between how imagine architecture and the realities of the profession/industry.

I would imagine that any lender would not want a lien on a property not owned by the lienholder.

I can't imagine they would want to renew the insurance if you don't treat.

Fifteen to twenty years ago, a person would have to purchase and read books (no podcasts), imagine that, to get what is now at your fingertips on a smartphone.

I'd imagine the interior is equal to or worse that that.

I could never imagined that there were so many opportunities here, where the average price for a detached house is now $1.3m.I'm making it work.

Imagine if you are the GC, and the project takes you 12 months, you're getting paid say 12k, that's 1k/month, for that headache?

Could you imagine how this deal would go down if all the investors had to agree:(  Most lenders are not in the loan-to-own business, if it were me I'd forfeit interest in a heartbeat to avoid taking back a house in foreclosure.

Since it is your first deal, I would imagine a HML will charge +12% w/ several points.  

I will admit it – I was hungry- I wanted more but I didn’t have the skills or experience to do it on my own, I didn’t want another job - I was sacred –  I was sold on all the propaganda about real estate riches and continued to search for that magic formula.That was over 40 years ago - as I think back about all those programs - I realized that my intuition, creativity, imagination or the pure synergism of all that information enable me to create hybrid formulas of my own – formulas that helped me avoid conventional financing, credit approvals, cash down payments, real estate agents, gate keeps and those others who wanted to delay my progress of making money in real estate.