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26 February 2025 | 8 replies
On that note, what is your draw to C+?
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19 February 2025 | 10 replies
But if it's an RV park near a lake or tourist destination, then an RV or 2: yes.There is no draw to travel somewhere just to stay in an RV....I whole heartily agree there is no draw to travel somewhere just to stay in an RV.The RV parks I've seen that have fixed RVs for rent look like low end MH parks.
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5 February 2025 | 2 replies
It is hard to pin down specifically, but that seems to have been a factor in a few of the ARV-Appraisals that I've seen and has impacted the refinancing process.Otherwise, it has been a great market for my clients, great cash flows and repeatability which has really helped as they have scaled.
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27 February 2025 | 8 replies
What is your draw fee & benchmarks for the repairs portion of the borrowed money?
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19 February 2025 | 9 replies
No lender will lend on a deal that doesn’t make sense.4) After the appraisal comes back you will get a document that outlines the amount to be borrowed and all fees that will be relating to the loan (I would suggest to ask for an example of this document when you are searching for an HML so you will know what fees are going to show up).5) Close the loan at a title company of your choice.6) Begin work and make draws on any repair balance.
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26 February 2025 | 5 replies
Draw requests are processed in one business day or less.
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25 February 2025 | 4 replies
Quote from @Dalton Dillon: I just began my journey as a builder, and I spent $4000 for architectural drawings on a 2000sqft beach house.
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5 February 2025 | 6 replies
Maybe you have some thoughts on if this is feasible.I will absolutely put a pin in the NorCal Real Estate Mastermind meet-up.
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26 February 2025 | 16 replies
This should provide sufficient operational reserves and the ability to fund initial construction draws until bank draws are released on work progress.
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26 February 2025 | 19 replies
He hosts a number of great networking groups, all in MO now but as he said, they draw investors from IL too. ...and he's my Cahokia expert / go-to guy!