This might not have been the best kind of credit to use as a construction loan.

This may not apply everywhere, but it is a common situation.

Hi Josh, here are some common mistakes investors make when doing a BRRRR:Overestimating the After-Repair Value (ARV):Investors sometimes overestimate the future value of a property after renovation.

But if it does not have that kind of provision, then to terminate during the term, there will need to be a default by the tenant.

Good afternoon, I just closed on a multi-family property (4 plex in an older home) . 3 units are rented, 1 is vacant and there is a shared common area for laundry.

Hi Kyle,This is the most common question I get asked.Don't waste your time because nobody in their right mind is going to fund 100% of your project.In order to get into new deals, build, buy, flip etc. you need to have some skin in the game.A bridge loan to get the cash out of the property on the market is possible, that can then help get you the cash needed and start this new build.

The question you should be asking yourself is what kind of investments do you like?

If you are charging market rent, the rent you will lose for that 1 week of occupancy would afford you the ability to rent a comparable property on the market without the need for any of this kind of nonsense. 

The reports you can create with Stessa, such as an Income Statement, Balance Sheet, etc, are similar to the kinds of reports accountants are used to working with since other finance/rental software also generate very similar types of reports.  

Would love to see what kind of projects you had in mind.