It is amazing to me how many people will trust their hard earned money with someone that was in middle or high school during the financial crisis.Beyond this initial search:Experiencetrack recordBusiness PlanAsset typeProjected returnsFinancial StructuresRights and remedies in legal docsRedemption rightsSupplemental Capital CallsOperations capabilitiesOwner/Operator or capital raiser for othersK-1 TimingUse of bonus and accelerated depreciation1031 optionsVertically integrated or outsourcedExperience of team through multiple market cyclesBackground, if any, prior to real estate and syndicationProjected returns net or gross of fees and carrySeeing full financials of current deals with budget vs actuals (if syndicator does not share, or only shares P&L delete their contact)Color on deals that went sideways or lost money and whyMarket analysisColor on why they like that dealRisks of the deal, as they see themDo they have third party audits, ideally from one of big 4 firmsAre they a fund or single asset?

As in prior to that, were you only doing 10-20 unit apts? 

However, options exist that will finance 100% LTC, meaning purchase and material costs can be funded prior to meeting a season requirement.Hope this helps.

Option one would be to assign the unwanted contract prior to closing and collect difference between the contract price I have and agreed to sales price with the assigned buyer and retain the desired property.

AKA making it beneficial to improve the property prior to death to maximize value.

Having a prior claim within the last 24-36 months is a red flag / non-starter for many carriers at the moment especially for water leaks.I advise all my clients do not play go fish with the insurance companies right now unless you 1.

My question is would it be best to build the casita prior to pulling the cash?

They now were gainfully employed but the prior lender wanted them to get current on all payments and was not interested in a  Mod. 7.

There has been a lull since January 2023 to nowI think some NAR group researched that the Jacksonville Market had no growth / small negative growth in 2023.That is expected given the high growth in Jacksonville from the prior 10 years.I think the first 1/2 of 2024 will continue to be flat / negative.

In Los Angeles, the house will be subject to LA Rent Control if built prior to 1978.7.