It's one of the biggest trends in the PMC industry.Did you know that the national average rate of profits for a PMC is only 10%?

Ideally 5 quarters +, and that'll be where Austin is trending and that's when you step in.

Quote from @Bob Stevens: Quote from @Samuel Diouf: Cleveland is great if you only want cash flow and aren't as focused on other factors such as population growth/decline and economy trends. 

Each option has its pros and cons that can impact your investment strategy and overall success.HELOC (Home Equity Line of Credit)Pros:Lower Interest Rates: HELOCs typically offer lower interest rates compared to hard money loans.Flexible Terms: You only pay interest on the amount you draw, providing flexibility in how much you borrow and when.Revolving Credit: As you pay down the principal, the available credit replenishes, allowing you to use it for multiple projects.Longer Repayment Periods: HELOCs often have longer repayment periods, which can make managing payments easier.Cons:Qualification Requirements: HELOCs require good credit and sufficient equity in your primary residence.Secured by Your Home: Your primary residence is collateral, which means a default could risk your home.Variable Interest Rates: HELOCs often have variable rates, which can increase over time.Hard Money LoanPros:Easier Qualification: Hard money lenders focus more on the property’s value and potential rather than your credit score.Speed of Funding: Hard money loans can be approved and funded quickly, which is beneficial in competitive markets.Flexible Use: These loans are designed for real estate investments, making them suitable for purchase and renovation costs.Cons:Higher Interest Rates: Hard money loans typically have higher interest rates and fees compared to HELOCs.Short-Term Loans: They usually come with short repayment terms (often 12-24 months), requiring a quick turnaround on your project.High Fees: Origination fees and other costs can add up, increasing your overall project expenses.For a BRRRR strategy, a HELOC might be the better option if you qualify and have sufficient equity in your primary residence.

When the 100 year long trend of the population moving south ends we can talk about it.

Previous months were basically flat YoY.Colorado Springs-- Median home price up 3.5% YoY in February-- Again, this is up from 1% YoY in January, so the trend is not only YoY increases, but an acceleration in the increase.My thoughts?

Recognize being the GC is work, requires strong organization skills (especially with tight timelines), decent communication skills, and design skills.I have acted as GC many times and have done well on these rehabs but I recently completed a large rehab (completed mid May).  

They are experts in the local market, staying up-to-date with trends, property values, and legal regulations.On the other hand, wholesalers take a more entrepreneurial approach to the real estate market.

Hi Donald,I work for a residential design firm in the Minneapolis area and we specialize in home design and construction documents.

How soon we don’t know, but the trend has always been 1-3 years.