According to the Bureau of Labor Statistics, overall construction prices are up over 35% since the start of the pandemic.

I see most are new here, welcome, I've missed that with many of you before.Let's define our loans, by "conventional" we are speaking of the secondary market, Government Sponsored Enterprises or "GSE" mortgages. 

There are a lot of small lenders who do not report to the credit bureau as it costs money, but the debt is still very real. 

@Andrew MarshThe cost to file in Michigan is based on the claim amount but it ranges from a fee of $30 to $70 -  a cheap date:https://michiganlegalhelp.org/...And, the nice thing about getting a judgement is that those tenants won't be able to buy the next car, get the next apartment, a credit card - while that unpaid collection/judgement is reported on their credit bureau report.  

One for each credit bureau in that scoring version) and base the lending off that score.

My goal is to create a real estate enterprise for passive cash flow and long term retirement. * this forum/podcast/blog is awesome.

Spring Valley, Enterprise, NW Vegas, Henderson areas.

This personal investment could come through a friendship ("I like you and want you to succeed"), through a common business enterprise ("We work for the same company and I want this company to succeed") or even something less tangible ("You remind me of my son and it makes me feel good to help you").- A coach charges money -- this isn't to say that the coach doesn't have some vested interest in seeing you succeed (regardless of the continued payments), but it likely means that the coach makes some/all of his living doing this and can't afford to just give away his time.- There is absolutely nothing wrong with either model, assuming you get at least as much as you pay for (if you pay more than the value you get, then there's an issue).

Congrats Josh, quite an accomplishment.Will BarnardBarnard Enterprises, Inc.

Part of what you're going to be selling to the bank is your ability to operate this enterprise profitably, since they do not want to be the proud owners of a multi-family outfit in short order.