With strategic upgrades and efficient project management, we turned this investment into a profitable success, showcasing the power of smart renovations and market expertise.

I’m on my town planning board and we get all sorts of conceptual projects that never come to pass.

Hi @Dina Onur - what a great project!

I got a rehab loan for a flip from a friend for 9%, no draws, and got all the cash upfront to finish the project.

Dont start with a large project.  

Main project was to take out the old boiler system and upgrade that for the radiant floor heat.

I would imagine the program would have to allow the projected rental income from the property to help them qualify from an income standpoint?

They are major BRRRR projects with the main exit strategy being to hold as medium term rentals.

The reality is that imposing expensive and time-consuming sprinkler installation requirements will drive property owners to either scale back necessary renovations or avoid permits altogether.Currently, when owners propose substantial renovations, they are often informed that their projects will require sprinkler systems, which can cost around $45,000 for a typical three-decker.

Campus housing has been under tremendous headwinds for the last 4 years.These properties were sold with extremely aggressively optimistic projections, as well as a price that represented a significant premium to fair market value.So sorry to hear about your investment.