It will be extended, we'll see a reduction in regulations that hamper small businesses, and we'll see new regulations that help small businesses.

Quote from @Devin James: Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball build larger homes. average new build in our market is 2200 square feet, 4 beds, 3 baths, 2 car garage and sells for 515k. construction costs lower if design is good and find the median or average home sale price and push that up. my guess is you built too small. 347k is cheap. we target 429-479k price range in columbus ohio for single family homes and also only purchase close to urban core where premiums are 20% higher and we build smaller like 1500 sq ft where price per square foot goes up. 

@Mark Sullivan if you are a buy and hold investor these loans work great.

I’d pay my 0% interest for a year credit card loans and 401k loans off asap then repeat.

Sounds like she has a loan on the property still so the only way to get the deed into your name is to have the loan paid off like normal. unless she has an assumable FHA loan. 

The counterclaim states that since the deed in lieu language was part of the loan, the entire loan is invalid.

@Matthew DrouinThe one I'm looking at right now is a smaller 8-unit project - only around a $100-125k equity raise + loan guarantee.

Happy to send over some referrals - some are better for big rehabs vs small cosmetic vs subcontractor only projects.

New loan is a 10/30.

Hi Ricky, Have you tried looking at a DSCR loan?