LL Flooring, formerly known as Lumber Liquidators, is closing all 430 of its retail stores after failing to secure a buyer during its Chapter 11 bankruptcy process.

Definitely get a lot of quotes.Hi Gi'angelo,According to my contractor, the quote includes materials that are not visible (such as lumber and cement), labor costs, and HVAC.

Aside from the fact that they are desperate for cash injection it's a good way to play the LPs against each other in the (perhaps inevitable) end result that the properties they unload, if not unwinding the entire fund, end up in a shortfall; anyone who doesn't participate will be that much further behind in hopes of collecting anything.

And we found a great pre-finished lumber supplier for the siding and the tongue and groove that is saving us 10 to 15k a cabin depending on the size (and producing far better quality results in the finishes).It doesn't sound like much when you're looking at 300k to 500k builds.  

You listed two but in broader terms financing (assumable, owner financed, sub to, fha, new 95% OO LTV that in most ways is superior to FHA, dscr, F/f conventional, NACA, VA, etc), value adds (development including ADU, upzoning, traditional rehab, sophisticated value adds that leverage localized rules, coop/tic, etc),  property types (residential, commercial residential, land, storage, MHP, industrial, office, camping, hotel/motel, etc), passive/active investment methods (GP, LP, REIT, nnn, self managed, pm, flipping, mineral right, lumber rights, etc), residential rent models (LTR, STR, MTR, rent by room, student housing, arbitrage, etc).  

Has anyone ever used a polymer spray product similar to "Lumber Kote" by the Redeemers Group?

Friend of mine wanted to unload it for his parents.

Make your decision to hold the property or just take the hit and unload rhe property.I'm sure the master class got you pumped up to jump in with both feet, but I hope they spent time on running the numbers and doing proper due diligence.

Quote from @Devin James: @Jay Hinrichs Developments are definitely BIG money makers, but thats also reflected with the risk associated.That's why these projects take so much time and capital, but if you make the right judgements for project selection, and do all your due diligence, it'll turn out well. my 90 home project in Oregon  started it as dirt before covid .. got 1st phase built then covid hit.. had to fight through lumber sky rocketing and other material shortages and the of course interest rate spikes.. but the project ( and I give credit to my Wife and my GC's attention to detail) has sold Very well for record prices and profits .. its de risked now 22 lots left 13 are presold with big non refundable deposits and only 9 lots left that have no debt..

I don't know how much reduction there was in lumber but I'd say probably 15-20%.