I'm an experienced project manager with hundreds of cradle-to-grave efforts under my belt, including building project scopes and budgets, evaluating contract proposals, and managing construction to maintain the delivery of high quality products on-time and in budget.Penny is a licensed clinical social worker (LCSW), serving the community mental health needs of parents, children and families.We both recognize we have an immense opportunity to serve our community and want to capitalize on the blessings we have been provided so that we can continue serving our neighbors.My wife, Penny, and I are looking to transition into commercial multi-family real estate in 2025.

I have been working with my contractor about 23 years now and when we get involved in a project I go to the site at least 4-5 times per week.

In real estate its messy and there are always repairs and capX projects that seemingly pop up from time to time.

I've used those before for shot-term funding for renovations/rehabs in projects.

Hey @Brad Roche - We do a significant amount of renovation loans (both Fannie May & FHA) here in Chicago and prefer the Homestyle loan only because it's less stringent on the borrow about what they have to repair, and they provide the general contractor a material draw at closing which helps the project start on the right foot.I thought the minimum down payment was 5%.

Would love to hear an update on your progress @Bree Jimenez  did you move forward on a project?

I have some DSCR lenders that will lend based on AirDNA projections.  

Here are a few tips to help you get started:Financing: Since you’ll be starting your internship soon, lenders may look at your projected income or require a co-signer until you have a longer work history.

I’ve done a couple of fix-and-flip projects in the past, both of which were financed through hard money lenders.

Investors can expect an unprecedented projected profit of “32.89% cash flow, 48% return on sale, total return 81.38%,” (28:12).