Focus on cashflow and growth, earning money for more down payments on more properties.

Here’s a quick breakdown of our financials:Operational expenses (excluding mortgage): $33k (Jan-Dec 2024)Annual mortgage payments: $58kTotal needed to break even: $91k+Income earned this year: $80kClearly, we need to bridge a gap of about $11k just to cover our expenses, and I’m exploring options to increase profitability.

Quote from @Janet Lancaster: Hi all  My name is Janet Lancaster owner of Jade Peak Properties LLC.

If you are going to be doing the rehab work in exchange for equity then that value needs to be determined up front with a specific timeline that you have to adhere to in order to earn your equity.

The ability to find a good sales price under $200K with low taxes and affordable insurance is getting harder to find but in Oh & IN its still easy.Inventory is strong and the rents are above normal so even though your under $200K you can still earn a good profit.

This property will require a pool to fully optimize its earning potential, and I've already factored that into my calculations.

I like to believe I earned their trust for when I need to borrow from them again.

Then they receive the money and you still keep your money and earn money on it.

Originally posted by @Michael Kinsella:I would second what @Jay Hinrichs said above...there was a follow up post where someone got a loan from them but for realistic rates 8% or so and few points.. under 6% private / hard money simply does not exist unless its a family friends type situation. that bank rates or lower right now for new construction or fix flip Generally speaking, I would be highly skeptical of rates under 8% for a hard money bridge-type scenario.Hard money lenders are getting their capital from somewhere, and those investors are expecting to earn a reasonable yield.

I may explain that while I’d like to buy/finance/invest in his property, I need to earn a certain return on my invested capital for the given amount of risk, and if not able to earn the return on the subject deal than I will on the next deal.