Most hard money lenders base their terms on the deal’s equity and your experience, so with a solid flip track record like yours, you should be able to find better leverage — especially if the deal has a strong ARV.What's the ARV on the property?

I think I’ve covered my bases, but I’d love to connect with others working on similar models or interested in this niche.Looking forward to hearing your thoughts!

I don't see that happening any time soon based on your 2022 to now trajectory, but you do want to find a way to make it profitable.

You can DM me her contact info.Kevin, I noticed you are based in New York.

I am a licensed realtor based in Atlanta, Georgia, and I am currently working on obtaining my mortgage origination license.

With comps ranging from $875K-$1M and your estimated build cost at $550K, the after-completion value gives you a significant equity cushion, making this project highly attractive to lenders.If you plan to hold and rent the property, you could refinance into a DSCR loan after construction, which bases lending on rental income rather than personal income.

They didn't pay for it, so they don't take care of it like an owner.Before you make assumptions about costs based on a seller's contribution to improvements, find out what they improved? 

Although I find competition for what I call investment grade parks is quite keen.. so returns are more in the MF space.. when you venture out east from the west coast or look at low end parks returns are higher but management is quite intense.. as our dealing with some pretty scruffy tenant base.

We are based in NYC but are considering (as of now) locations outside of NY but within a 300 mile radius. 

Reason why is if you go to sell it, people are not going to comp it based on 40 year loan.