Can you extend the loan term if needed?

To make the deal happen I had extended a small second lien note to him so he could repair the property enough to get bank financing.  

In a stagnant market, you might need to hold for an extended time for the value to increase enough, and the pref might mature before you can get there.  

Lenders generally rely on formulas when arriving at the loan amount they are willing to extend to you, the borrower.

The fastest and cheapest cost segregation is through DIY software, but it has significant drawbacks:  https://www.biggerpockets.com/forums/51/topics/1136752-expla...Some areas (like mine) have extended deadline beyond Oct 15th.

Knowing when due diligence should be completed or when the contract needs to be extended is crucial for avoiding costly mistakes.

When financing a large-scale fix-and-flip project, assessing and managing risk is crucial for success.Risk Management StrategiesContingency Budgeting:Set aside a contingency fund (typically 10-20% of renovation costs) for unexpected expenses.Time Management:Develop a detailed project timeline to keep renovations on track and avoid extended holding costs.Partnerships:Collaborate with experienced contractors and real estate agents to mitigate risks associated with repairs and market positioning.Insurance:Obtain comprehensive insurance coverage, including builder’s risk insurance and general liability insurance, to protect against unforeseen events.Exit Strategy:Always have an exit strategy.

@Ron Brady@Eduardo TanamachiI don’t think I can drop my link here, but the coaching program is called: Extended Stays for Landlords.

In the H.R. 3936, Built in America Act, it was proposed to extend the 100% bonus depreciation until January 1, 2027.

For residents we meet through FF.com or ones from an STR site that want to extend, we offer the ability to do so using leases created by avail.co .