Rates are usually 10%+ and they’re limited 70%ish LTV.

well you have your own answer there are no lenders for entitlements  there are JV partners like me for entitlements but its not at traditional lending rates of course as its all risk capital.WI funded 3 entitlement deals in 2024 in Loudan  county VA to the tune of 7 figures in cash. since my client does not own it its unsecured ..

Roberts High School.

In my opinion, your occupancy rate and min night stay seem in the ballpark for planning purposes at this stage.

I just saw the webinar, and had to do a search on ratings before it was over.

Either way its good to buy end of year as most builders and sellers are offering seller credits or builder credits to use towards closing costs or to buy a rate down to help get a lower payment.Even if you wanted to buy a strater home like a 2-4 unit as a primary again you only need to put 5% down. 

I explained to the landlord what my business plan was, and paid him a set rent amount each month (though slightly higher than market rate rent).

Play with numbers and today interest rates to see if it makes sense for you since you’re locked in with a good low rate.

It is a big reason my last purchases were Dec 2021 when the rates were less than half of the current rates (I purchased $4m that month that I have already made ~$1m from).  

As of this morning, WSJ Prime is 7.75%, so I would expect the rate to be over 8% at the very least.