@Michael Palmer As a general rule of thumb bank originated construction debt will be WSJ Prime +1 point with a floor, 1 point origination and 75-80% LTC while meeting certain LTV thresholds (normally 70-75%).

I purchased a FIRST LIEN Purchase Money Mortgage that foreclosed, originally from 2006.

I see the original post was made almost 3 years ago, so I’m definitely curious how your perspective might have evolved given the market’s ups and downs since then.

When renting out furnished rooms, am I obligated to provide the exact furnishings and decor shown in the original listing photos?

You will pay origination on the rehab money but that is the extent of it.

Originally posted by @James Syed:Just posted another 5 day letter at the front door.

NRIA has denied any wrongdoing and no government action has been taken against it.ADVERTISEMENT“The sad reality is that many investors are relying upon a complete and total misrepresentation of material facts about the profitability and financial stability of the company to make an investment decision,” Minkow wrote of RAD’s advertisements in an October update to his report to the SEC on that company, originally filed in April.

What started as a promising BRRRR ended with us making the tough decision to sell at a loss after an unexpected disaster.The Numbers:Sold for: +$230KPurchase Price: $115KClosing Costs: $3KRehab Costs: $105K ($49K original rehab, $56K additional repairs due to the car crash)Holding Costs: $31K (12 months)Selling Costs: $16KInsurance Claim Recovery: +$25KNet Income: - $16KWhat Happened:This was supposed to be a BRRRR.

But you don’t know much about the original poster—just like everyone else here.

(Had we rebuilt the original windows we would have been fine and wouldn't have had to bring them to current code.)