Its a soft credit check to apply which does not impact your score.

Investment Info:Single-family residence buy & hold investment in Bass Lake.

We have done several homes 1300-1500 soft with a completely new furnace & central a/c for $5400-$7000 depending on the extra duct work etc needed for new runs. 

Hello Hello,I need to access My Equity But my DTI is High, this some information :- My Equity is about 240K- My Mortgage Payment = $ 1750/Month ( include everything ( PITI ))- My W2 = $4700/month- My Credit Score 690 (based on soft pull)I need :- 70K to build 4 separate bedrooms on my backyard, so I can rent it out. and generate income.I have Debt =- Car Loan 35K / Monthly Payment $720- Credit Card 25K / Monthly Payment $700 ( this debt not for luxury, but to build room addition about 250 Sqft, 2 years ago)So my total monthly payment debt + mortgage = $3170My Taxable Income W2 only $4700But my Family (from other country) deposit to my chase checking account about 25K ( about $2000/every month) per year.And No, I don't have anybody can be my cosigner / co-borrower. 

Glad you liked it, yes it is a really good soft-flip loan with much better terms than hard-money. 

We spent almost $4k in the first month largely just replacing soft consumables - missing or worn out mattress covers, mismatched bedspreads, etc.

HiThe return seems amazing in this market conditions.Would you mind tellingDoes 258k includePermit fee (soft costs…etc impact fee)Loan costSelling cost(realtor, closing costs)GC feeHolding cost(tax, insurance, utilities..)Thank youReddy

If depreciated, how is that done for soft costs (design, engineering, and permitting)?

If you insist on shopping, just ask for a soft prequal and give a lender a run down of your scenario. 

Annexation, zoning, density, preliminary, and final plat approvals are examples of the steps associated with increasing site value.How much value is created is determined by deducting the "as-is" value from the entitled value.Establishing the entitled value involves determining and underwriting the Highest & Best use of the site and applying a residual analysis.A residual Land Value Analysis is conducted by establishing the built-out value of the project and deducting everything from the total value BUT land.The generic formula Total Sales or Capitalized Value - a Target Project Proft - commissions & closing costs = Residual Project Budget - Site Cost - Hard Cost - Soft Cost - Finance Interest points and fees = RESIDUAL LAND VALUE Residual Land Value is the price that can be paid to acquire the property that is supported by the Project planned to be built on it.One of the most important factors in doing this analysis is an Income-Driven approach.