Hi Brett - local PM here - we have a few development projects, small multifamily and tonwhouses that we are gearing up for sale in the next 6 months.

I would say any rehab project would need to be fairly close to me.

Most hard money lenders require 10-20% down payment of the purchase price or total project cost.Holding Costs During Rehab: Yes, you'll need to cover carrying costs, including hard money interest, utilities, taxes, and insurance.

Hi @Sean Walcott, apologies for massive delay.

My partner is also a project manager, so we are relatively confident we can run a successful renovation remotely from Long Island.Jaycee - There are not a lot of pictures or other informative metrics for me to 100% say yes.

At that point my project manager (and partner) started pushing him. 

From what we have been seeing from the people investing in our projects from abroad is that only to open a bank account they themselves need to be here, although I imagine that towards the future this will be changed as well. 

The property has a massive 900+ sq ft attic with very tall ceilings that would make a perfect 3rd unit potentially grossing another $1000 per month. 

After designing 100+ projects in 22 states across the US, we’ve come across almost every type of home, ARV, and target buyer.

Right now you have $1,000 in cash flow that can be used to fund other projects (seed money), pay you in profit to supplement your lifestyle, or fill in any gaps for underperforming properties.