Therefore, that also tends to be the pre-development phase that garners the best ROI when executed well.

This quote is from Better Mortgage, but I'm wondering if anyone has suggestions for other lenders who might offer better rates.I did explore a construction loan, but unfortunately, it didn't work out because the lenders said this is my first time constructing, and they were hesitant to move forward.Once everything is said and done, the total cost of the property will be $210K.

Only difference is that DSCR often has pre-payment penalties, but does allow you to close in an LLC. 

The goal is to give CRE professionals more accurate pre-construction cost estimates and prevent costly surprises.I’d love to hear from the seasoned developers here:How are you currently handling site cost estimation, and what’s missing?

Melisa Justice, and she helped me navigate the entire Journey, it was a process not too long, it took about a month, and the process would have been definitely very hard being that I was on a different state by Melissa made it a lot smother, she was very responsive to all my questions (and I had a lot of questions), she helped me find a lender that would fit better for my financial situation, once I was pre-approved she connected me with the right property inspectors, and all through out the process she kept in touch pointing me the right direction all the way until closing day, all this to say I Definitely recommend her for any body the is finally ready to take the plunge and get started with their real estate carrier, I definitely will get in touch with her when I'm ready to buy my next property!

.: Someone asked me about a Due on Sale suit I was involved in and it reminded me of the many encounters I've had with trying to buy pre-foreclosures and do SubTo.Some of these brutes are big, ugly, scary, mean and volatile.

If 4 plex doesn't work out then my only option is to purchase another SFH or 8 unit apartment?

I found a property in pre-foreclosure and need advice on how to clear the title in this case.Scenario:The seller wants out for the cost of his second (renovation) loan.

(1) Ask for a pre-approval letter of some sort from their commercial lender?

🤝 Are you pre-selling lots, using land bank agreements, or working with institutional funds?