Would pay more to keep it on a 15 year amortization timetable. 

These two realities have both been in effect pre-COVID, but have since had their timetables advanced. 

This is where you can lose a lot of money, if you have to sell the property and not complete the build out.We identified three areas of risk and they are all on three different time tables. 1.

LADBS is really backed up due to COVID. 2 months is the timetable and CA law requires them to approve in 60 days once receipt of plans submittal is official.

Along with that, if you decide to buy something that needs work, assume at least a 20% cost overrun and add a few months to your timetable.

Prices are very high, hard money loans are expensive and come with a lot of pressure, and the cost of construction and timetable for completion has skyrocketed.  

We have our 4th property, but it’s a a LONG time table.

Certified letter would probably help getting more money, but the contract you signed has a clear time table to ask for your refund.

For example, would pay rent every month, but it was always late and on her time table. 

What is your timetable?