Remember also that the interest on the loan is taxed at ordinary income rates.So for example lets say you have 100k and were making 8% in the markets - 8k per year and say you are in top bracket, you will pay $1600 in taxes per year or netting 6400.Now lets say you did a loan and were at 5% you are earning $5k per year (actually less because principal is being paid down and some of money goes into essentially a 0% checking account).

Would love to see how performance pans out over the longer term.Also, my personal gut tells me with turnkey that the properties are not BRRRR'able as you're essentially getting them post-renovation for their actual appraised value and not below.

They are drafted in such a neutral way that parties have to go to court (or mediation) even when one party has no legal ground to stand on.The contract language here essentially requires either (a) joint instructions, (b) court order, or (c) 2 years of inactivity with neither of the above occurring. 

The Wealth of Nations, Adam SmithOne of the most essential economics texts, The Wealth of Nations forms the underpinning of much of modern economic theory.Capitalism and Freedom, Milton FriedmanMilton Friedman's iconic work argues that economic freedom is essential to a free and liberal society.

I told him my story and recommended that he rent for a year -- and spend that year getting to know the neighborhood and essentially house shopping.   

I am thinking of adding 2 stories on top of the garage (essentially rebuilding the garage) and adding north of 1000 sqft livable space.

And essentially flooding the market with new investors all doing the same thing.

The following rules apply to charging EVs at the Property:Level 1 Charging – (Standard NEMA 5-15 or 5-20 120V, 60Hz Outlet)An existing NEMA 5-15 or 5-20 at the Property may be used by the Tenant for the charging of an EV if the following rules are followed:Only Electric Vehicle Supply Equipment (EVSE) which are approved by Underwriters Laboratories (UL) are allowed to be used for charging EV at the Property.The EVSE shall not be left exposed to the elements unless it is expressly rated for weather exposure.

I'm seeking insights and guidance from professionals with expertise in residential development.I'm looking to understand the essential evaluation parameters for residential development opportunities and learn about efficient quick & dirty underwriting.If you have relevant experience or knowledge, please reach out.

Just pay it on time.Cost – When a lender calls a note due, that is essentially them foreclosing on a property.