Feel free to reach out, and I can share some recommendations based on your project

The fees and overall costs of these loans needs to be a key factor including what if the project goes over time . . . . you can be underwater in no time.Underestimating repair costs and overestimating ARVs based on Zestimates are the next stumbling block.There's money to be made but make sure numbers all work WITH contingencies defined and overages expected . . . remember, a project will always cost more and take longer than initially thought!

They are major BRRRR projects with the main exit strategy being to hold as medium term rentals.

For example, the pro forma projected that the property tax expense for Year 2 and Year 3 to actually be LOWER than what was paid by the seller the year before the sale.

In a previous life I projected managed 54 new builds and have done my own flips to stabilize my own neighborhood.

They are major BRRRR projects with the main exit strategy being to hold as medium term rentals.

houston is probably similar pricing to Columbus Ohio but way worse zoning laws. we take 20% on top as a GC and a guaranteed fee agreement. our contracted new construction projects recently:Single family new build spec home: 1513 square feet with 3 beds 2.5 baths 1 car attached $275000 approx $182 a square foot if calculated using heated square feet which means our cost is $145 a square foot. 3 unit / triplex new construction: 2008 square feet 2 bedrooms 1 bath per unit or total 6 bedrooms 3 bathrooms with 3 off street parking spaces. contracted build cost $395,000. no garage on this and better economies of scale with shared roof, slab, etc. $192 a square foot hard cost with our cost running approximately $157 a square foot. 

Center Point kept dragging our projects with not passing permits.

While I am a lender, I personally use hard money on all of my own investment projects.

The city’s diverse workforce, combined with new developments and infrastructure projects, ensures that there is a consistent pool of renters, which can result in reliable cash flow for property owners.Finally, the Detroit real estate market is supported by numerous incentives for investors.