Compare this to other hard money lenders to ensure you’re getting a competitive deal.Reputation: Before working with any lender, it’s crucial to check reviews, reach out to other investors who’ve used them, and potentially even meet with them in person.Experience with BRRRR: If possible, find out if they have experience funding BRRRR projects specifically.

I think if you leverage 70% of it you’re going to seriously cut into your cash flow and personally if I was going to have $7M in debt I’d prefer it to be spread over several projects built slowly.

Be very careful with this as a first time project! 

Investing in a property that’s already renovated, rented, and professionally managed could allow you to start generating passive income immediately without the added expenses of house hacking.What’s most important for you in this first deal—cash flow, appreciation, or long-term stability?

There will be renovation of the home that is $82,500 worth of renovation. 

To better project growth rates for the next five years, we should examine the pre-COVID period from 2015-01-01 to 2020-03-01.

Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.

After building a portfolio of fully renovated homes I wanted to give this model a chance.

I am lucky that I can and like to go to my properties and do most of the major renovation work myself.

A $10M project repurposing a former grocery store into a dynamic dining and social hub in the heart of FUSE.🚀 Big things are happening in Gastonia—what are your thoughts on these developments?