It occurred to me if this was a reasonable business model we could mortgage the house, lend out the proceeds and make what, 7-12% on that?

I've owned 3 properties - 1 foreclosure - 1 extensive rehab - 1 new construction (model) I picked up.

Its crazy I know but its how he makes his money and he's real good at what he does, he mostly works with models , Artist , DJ's, restaurants , etc that are trying to get their name out more and exposed.

(1 bed, 575 square feet, basement model.)

Explain all the other variables and that it's because you're new (nothing wrong with that as long as you're analytical) you want to stay safe and conservative in all your estimates and are uncomfortable operating on razor-thin margins - all these things justify your offer.If you think of yourself as someone unwilling to compromise your integrity or business model, there won't be any hard personal feelings whichever way this deal goes.

.), how quickly and in what fashion you want to receive cash, whether you'll ever take on new partners or investors, and about twenty other important questions.Any organization that always advocates one company model over another almost certainly only really understands that first company model.

Hey noobdog,When people get into talking about LLCs I often hear terms like business model and business plan.

But it sounds like you're doing quite a few multi-family properties in there.To me, that is a completely different model than someone doing only SFH.I also think area has a lot to do with as well.

That doesn't sound like a sustainable growth model if you ask me.

My business model is high quality rehab/resale SFH's.