We're normally at 80% of the lot price plus soft costs plus build costs to a max of 70% of the As Completed Value.

It is soft old metal and will eventually break.

Interested in anyone take on past deals where you (the investor) brought the land and soft cost to the deal, then the GC provides the construction loan and contracting to the project?

First thing is I do not order title until the seller sends me the soft collateral file to review - sometimes it has a lost note or some other deficiency that kills the deal right there, so why spend money.

About 300-400k plus 20-50k soft costs.

Line up your hard and soft costs compare to your rent and operating expenses.Hope that helps!

Soft cost (like the expediting fee, arch & eng fee, filing fees, zoning exhibits, topo land survey, Asbestos testing, etc.) can easily be $50-60k excluding Construction cost.

You'll have options like immediate refis, bridge loans, various hard and soft money loans, rehab lines of credit, more fluid cash-outs, and quicker turnarounds.

This doesn't include soft costs (architect, permits, etc.) or site work (septic, roads, grading, etc.) if applicable.

Good point Brian, reserves depends largely on the circumsatnces of the properties and your ability tocover the expenses.For those who can qualify for bank financing and utilize the best rates in decades, keep in mind that three months PITI is not that soft of a cushion.