I wouldn't use all of the funds on the down payment and closing costs but keep some of it to get the rehab started, as most private lenders will give you funds for the rehab after part of that rehab is done.

Building new construction would turn it into an investment property, limiting the exclusion to $250,000 and increasing the tax burden, reducing overall profit.Way to keep the exclusion and still keep the property is to sell this to a privately owned S-corp.

Initially, I was planning for a quick sale and contacted my private money lender for a hard money loan.

Of course, there are a lot of things to look out for...setting up an appropriate contingency reserve for unexpecteds, getting an accurate scope of work, properly knowing what your time-value-of-money costs are going to be, making sure you're contractor is not pulling crews for other customers, knowing codes and getting your permitting right, and the list goes on.

Far too many variables- I’m wrapping up a garage conversion adu right now for a customer and the permitting process was a bear.

DSCR loans are loans issued by private lenders with proprietary and differentiated rules and guidelines and are typically included in “non-QM” securitizations.The advantage of conventional refinance loans is that they typically have the lowest interest rates and fees.

Terms, covenants, conditions, easements, restrictions, reservations and other provisions, including provisions which provide for a private charge or assessment and also provide for an option to purchase, a right of first refusal, or the prior approval of a future purchaser or occupant, according to that specific Declaration of Condominium"ButThere is also ALTA 4.1 CONDOMINIUM--CURRENT ASSESSMENTS ENDORSEMENT which states: The Company insures against loss o rdamage sustained by the Insured by reason of: Any charges or assessments provided for in the State condominium statutes and condominium documents due and unpaid at the Date of Policy.Looking for advise on next steps.

If you're going for a larger rehab, adding an ADU or doing an enlargement also provides a good return, although it is smaller than what we've seen before, around 50% ROI.We're a private lender in Kansas City. 

I have a very nice duplex in a classy neighborhood, with each side having its own private, but very small back yard.

Purchase price: $120,000 Cash invested: $95,000 We fund 4-6 private hard money loans in Pittsburgh every month.