He used to be great from the beginning of the projects.

The first rate cut is now projected for mid-2024, but this could change depending on inflation trends and labor market conditions.

Hey Andrew: The Freddie Mac Small Balance Loan (SBL) and Fannie Mae Small Loan multifamily programs could be a good fit for a project like this.

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

As soon as I finish the lake house project I have a 1-1 condo that I can get cheap that I was going to try to concept on. 

.- Project Update: North Nashville Duplex- Why Should the Fed Cut Rates at All?

Permitted or not, you want 100% assurance the property is within building code standards for the year it was built, and for any upgrades/ changes - the years those upgrades were made; ie GFICs in wet areas currently, but not required in original construction back in 1950 when they didn't exist.sorry for not replying earlier, I'm rarely on this platformbest of luck on the project

Also offer incentives for our maintenance team to bring project in on budget and on time.

Some other investors had purchased it to flip it and decided they had too many projects going to handle one this big.

We also look at how fast we can complete the project.