Or pass on the deal as I have my hands tied up in my current project?

@Don KonipolHi Don, curious if you can recommend from your research, any CF platforms that supply JV equity on ground up apartment development projects.

You don't base your offer off of projected potential rent rates only current or previous.

I think I have a few projects now!

I believe it's based on trailing indicators, as they look at the change in value over the past year (as far as I can tell) instead of projections into the future.

The total cost of rehab for this project was just under $16,000. major rehab break down:-unfinished attic was broken into 2 large bedrooms - new attic window to meet egress-upgrade electrical -carpet second and third floor-laminate flooring kitchen/bathrooms-created a new bathroom on first floor.

Considering the length of time that has passed i will assume you already have someone, however I would appreciate the opportunity to give you my contact information for future projects.

Is it difficult to find financing for these types of projects?

We looked at a couple of distressed properties, but they were way too big of projects for me.

@Bruce Bloom Kinda hard to cash flow on preconstruction properties unless you sell your interest (to capitalize on an increase in price) or prefer to have your capital tied long-term (hoping that the developer finishes the project).