Ideally flipping to build up some capital then holding when it makes sense.P Peter, I am a local hard money lender with direct decision making, underwriting, in house valuations, and soft pull on credit.

@Jeff Nash and @Doug Smith - We are soft piloting a partnership program with Real Estate Professionals that want to bring this to their local market. 

I think that’s a good idea, and it offers a soft launch to my real estate journey, like you said.

While hard/soft money lending is outside my area of expertise, I'd like to discuss a potential levered IRR scenario.Consider a $2.1 million property acquisition (10 cap) using a 1031 exchange with a $715,000 down payment.

There's one reputationally aggressive fund, if not the most aggressive, that's tried to up the ante in QC to create this as they believe it's a threat to USD-- I know you don't-- that even admits it's a far larger reach than the solution for the blockchain fixing itself via latency, soft forks, etc.You do realize if QC becomes scalable and defeats any fork attempt or latency attempt to a blockchain, then all digital security is at risk.

Not only is land so expensive, but the process of rezoning the land not only requires a lot of capital of soft costs that are really expensive and often not financeable, but then you have to build on it which is also not cheap.

Additionally, they've avoided 40-50 hard credit inquiries populating on their credit as a result of the soft credit inquiry that we utilize for DSCR loans.If DSCR loans are a new thing to you, I would recommend checking out some articles here on Bigger Pockets or giving me a call to learn more.

As for soft costs, you’re looking at a fair amount for a condo conversion-there are legal docs to have drawn up, reviews, surveys, recordings, setting up the HOA, reserve studies etc.

Soft close on all cabinetry (think thats probably pretty standard in most areas now), dimmers on all light switches, mood lighting in kitchen, and cased windows rather than drywall returns.

Loan Closing Process & Borrower Forms: Soft quotes, hard quotes, loan application, underwriting period, standard loan forms, loan commitment, rate lock, loan closing, time to close (start to finish), etc.8.