First thing I notice is the big jump in ARV from the Total Project Costs.

Hi @Nancy Cho happy to connect and talk business.

Specifically, must this be a commercial/business loan type where you have higher rates and shorter loan life or is there an alternative loan type? 

I am trying to get a good hang of the rehab costs since I’m new to the are (from Dallas).

@Dave MaloneEverytime I read “the goldmine is in the network” to me they are selling kegs of kool aid and it’s a circle you know what with nothing for itYou could read j Scott book and get a lot of info on costs etc.

Cash flow approximately 350 a month.Option 2: Use the cash to buy land to build a 6 bed 4 bath duplex, all in cost approximately 300k/330k. 

Eastmoor and whitehall are good too because of newer home ages after 1940 where you don't have knob and tube wiring and some of the other issues. don't be afraid to look at new construction or ground up new builds closer to downtown. rentals are overpriced in these areas but build costs are low and it can be a good strategy 

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Additionally you can do a cost segregation study and get a lot of depreciation benefits to offset the rental income (and potentially other income).  

We almost went with a loan that we have to pay all the cost upfront and then get reimbursed on the back end and that was just not something we were willing to do.