Ideally, the best option from a financial point of view would be to go through a local community bank.

There are options to work with the title company after purchase (60 days) to buy it with conventional financing and then shift the property into an LLC with a quitclaim deed to get the same effect as purchasing with your LLC but you get the advantage of better rates with the conventional loan.

It helps estimate ARV, rehab costs, and potential returns and offers funding options.

My current preference is the first option as I’d like to minimize our oversight, but any perspectives on this matter?

In today’s competitive real estate market, where inventory is tight and opportunities seem few and far between, many potential buyers are overlooking a game-changing option: renovation loans like the 203(k) and HomeStyle.

Platforms like BiggerPockets, local REI meetups, and Facebook groups can connect you with investors seeking opportunities.Joint Venture Partnerships: Consider partnering with a seasoned developer or investor who can provide the capital while you contribute your vision and operational effort.Hard Money Loans: If you’ve identified a property, some hard money lenders may fund the purchase and development based on the future value (ARV) of the project.Crowdfunding Platforms: Sites like Fundrise, Groundfloor, and RealtyMogul cater to real estate developments and could be a great way to gather capital.Seller Financing: If the land seller is open to it, negotiate terms to finance the purchase directly with them.2.

Poor or No Communication PlatformsEffective co-living communication platforms are characterized by:1) usability2) accessibility3) commitment of involvementThis can be done through house email lists, whiteboard, group texts, etc.

You’ll want to check with local credit unions or smaller banks since they often have more flexible HELOC options.

He is versed in all things REI and was even a guest speaker at the local REI meet-up a month or so ago about all the different options he can offer.

It’s only when they’re trying to wind down a fund do you see which properties are the duds.I’m of the opinion that funds tend to be a more sensible platform when there’s a pre-identified number of opportunities that a sponsor's looking to capitalize on immediately.