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.

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

Orange County Projects  @Bryant Brislin

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

Are there specific lenders which are easier to work with for small multi projects?

However, given the price points in NYC, I am looking to southern CT so that I can start small for my first project.

(The picture is of a different project) 

Here is an example with some figures:My LLC total investment = $204,000Partner LLC total investment = $196,000Value of project when complete = $500,000Each LLC value afterwards = $255,000 / $249,000The plan was for me personally to go get the refinance loan because the terms are so much stronger than if I went portfolio with the LLC.Loan total = $300,000 (keeping at 60% or under of value for best terms from the bank)Partner LLC payout = $249,000My LLC payout = $51,000In this scenario, I am struggling to see how to get the remaining equity in the project into my personal name?