Most of my CFO clients that are in residential development are looking for IRRs (usually over a minimum 5-year period) in the high teens and the commercial developers are looking in the low to mid 20% range.

We built over 70 of these for our clients last year alone.

I remember a buddy who once represented a client in the Santa Cruz Mountains.. this client turned an old barn into a shared art studio and invited local artists to rent the space, which ended up boosting inccome in ways they never imagined.The Redwood market can be tricky because of environmental restrictions, zoning quirks, and limited inventory.

Based on most of the work I do with HMLs/PMLs on behalf of my clients, 12% at 70% LTC seems a bit more conservative.

And how far back in time would you consider someone a client?   

I’d be happy to connect and go over what I see my clients doing and what’s working, and what strategies are dead ends here. 

Plus I have many repeat BP leads/clients.

Any agents have a client looking to invest in Tennessee?

I won't say how many offers we make on properties for ourselves or clients in a typical week. 

Success stories are happening every day,  I have clients breaking record rents on house hack more so than ever.