I think you should go through with this project.

When it comes to experience I have facilitated my fair share of successful projects, however the point still remains that I did not complete those deals completely independently.

Off market deals usually have nonrefundable deposits and a clunkier process that isn't as suited for out of state people until they have good contacts in the area to evaluate the property (mostly contractors that feel comfortable evaluating projects for you).

We are BRRRRing it and we’re originally going to rent traditionally, however we decided to look into it as an Airbnb, and when we put in current loan rates which will be near or at 7% when we are ready, we’d only cash flow about $150 a month 😱, but as an Airbnb our projections are around $1,300 cash in our pockets monthly. 💰 At this point is a no brainer 🧠 and we know if it doesn’t work out or we don’t like doing it we can always revert to a traditional rental. 

You do the math.Plus all the the exterior projects: new siding, new roof, building out eave returns and soffit overhangs to fix the poor curb appeal, un-converting the attached garage, driveway, retaining walls, the detached garage, 144 truckloads of fill to create a front yard, landscaping... 

Finishing our first duplex construction project and looking to start 3 more simultaneously.

To clarify, I didn’t invest in a “fund,” but rather purchased a note for a specific fix-and-flip project.

Orange County Projects  @Bryant Brislin

I like the idea of using a HELOC for value add projects where you can refi in 12 months to pay back your HELOC.

For instance, my wife has a formal degree in architectural interior design and she works with investors to basically manage the project.