If youre considering a 2nd lien, you'll want to analyze A) the blended rate between the two loans (this will be weighted, not an arithmetic average), B) the amount of time the 2nd lien will be outstanding, and C) the amortization on both loans.

Sure I have doubts now that I’m midway through renovations…but I feel the contacts I’ve gained in a new city (electricians, plumbers, etc) are worth their weight in gold.

Pre-development is generally considered the riskiest investment, especially for projects with heavy lift permitting processes.

. $10k in Origination is tough, ~3.5 points + lender fee sounds like did the heavy lifting, plus title/prop tax in TX can add up quickly.As for the numbers, I think its easier to regret not selling in the short term, but the hope is for long-term gains/appreciation.

It's like asking whether you can lose weight if you don't exercise.

Made 65k in 4 months without lifting a hammer or taking out a loan.But he was thinking of doing it himself, if he did it would have been a 140k project cost and a 320k exit. 

A great Realtor is still worth their weight in gold though, but IMO, they are only 10 - 20%...

We call the 5-8 units the "dead zone", mainly because most commercial lenders won't lift a finger if the loan is under $1mil.

We are in our first contract and it is a manufactured home that just needs a face lift new paint and a few upgrades.

What I really like is how these partnerships let you scale faster without having to be the one doing all the heavy lifting day-to-day.A lot of people don't realize how many syndication opportunities are out there — they just aren't always advertised publicly.