I’ve heard that this neighborhood doesn’t really have any problems from a social worker but outside areas aren’t good. 3/4 units are currently rented at $900 each, renters pay utilities.

I can only speak regarding structuring the deal as I have not utilized partners personally but it really can be anything that you want.

And via the clustering we are utilizing green-space in a communal manner thus reducing foot-print of that BUT retaining such perception as each unit has walkout to what seems a BIG green space.

That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.

I underestimated utilities in my early years, so I ensure those are properly captured (electricity, gas, water and trash).

They were fine with my score (about 740), but have issue with the percentage of personal credit I am utilizing, so that discussion also petered out.Apparently, I have a lending profile right now, that is not attractive to mainstream lending programs.Any advice?

I’m looking to connect with experienced spec builders who have utilized hard money lenders, private money, or even grants to fund their projects.

Utilizing my relationship with a great local lender I started the process of getting a secured line of credit set up against the 3 unit so I could pull most of my money back out.

Gave him 10 months free space rent and paid for all his utility hookups. 

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