With this amount of money there is probably going to be a gift tax that your friend would have to pay.

Save money for the down payment. 

In this blog post, we’ll break down what the ATI exemption is, how it works, and how you can take advantage of it to save money on your property taxes.What is the ATI Exemption?

And these would generally be 12% so you blend the 8% bank money and the 12% private money to get your rate.. 

Just know that you won't make any money on the land for a very long time in most cases.

If you're willing to put in the work, you'll obviously make more money without hiring someone to do it for you.

Pick something that fits your style and investment of both time and money. 

I have looked into hard money loans but they are all for investors.

* Increased institutional competition in value-add and workforce housing sectors*  Possible shifts in Bridge’s investment strategy under Apollo’s leadership*  A strong signal that big money still sees CRE as a solid long-term playFor those navigating today’s market, aligning with capital trends and understanding where institutional investors are placing their bets is crucial.

That’s a smart play, especially with the kind of turnkey product you’re offering.As for our 40-100 unit deals, we’re looking at a mix of syndication and private money for financing.