Unless you are building Rental units, the SF Retail market construction market is not doing well, hopefully your builder is borrowing money at sub 10% interest rates.  4 years ago, a lot of builders were only factoring in 3% for total loan costs, I would think that the carry costs would be 10% or more currently.  3.

This is the very first city carrying out this change.

. ;-)  BP has changed, Mike Hern is happy doing his thing and BP carries on.

Oh, and as I think about it, this may be perfect for an owner carry situation.

I asked him if we can use that large combined losses being carried over to this year to offset my 2024 W-2 given that we can activate the real state profesional status this year to offset W-2 income without limitations.

Carried mail for 10 years and had many basements converted into duplexes.

Carrying them upstairs is a pain though. 

I think that, regardless of the deal you have with the seller, the primary lender that you refinance with may not like you having a 0% equity stake in the property, or very tiny equity position of less than 25%, and may require you to reduce or eliminate the "junior lien" or whatever you want to call it that is this seller carry item. 

Have a 16 unit trailer park that I’m trying to close the owner is willing to hold 25% of the deal. I’m trying to find a lender that will only make me put 5% down because the seller will have a Second position of 25% o...

Carry on lol ...............................................