Or do we need to make him a 1% owner and have him not take a draw/salary until we grow our business.Would love to hear your thoughts and if you have recommendations for people to reach out to.

Also, the standard plans were not designed with a strong eye toward value (e.g. making smart decisions about construction cost), which is why we prefer to offer our own pre-designed plans which we can readily customize to a given property...typically $5000-8000 all-in for the design work, construction drawings, title 24 energy report & electrical layout, & permit processing... not permits themselves, those usually run another $3-5K)As far as approval speed... pre-approved plans from the city/county are expedited, though in some instances the pre-approval queue is just as long as the standard queue.

@Beliria Sims - When I first started my own firm, I established systems for the company (filing system, book keeping, specifications for each trade, draw requests, loan packages, etc). 

Can I draw on the current rental for sale Heloc, prior to sale and use for new home deposit?

Who draws out your purchase agreement?

We live in Colorado Springs at the moment and can't imagine living anywhere else, but the ocean is always a big draw.

Hi BP NationMy name is Angie from Salem Oregon. we currently own a duplex (househacking)and we need some help or ideas.we refinanced our duplex about 18 mos. ago From an FHA 3.25% to a 30 yrs 1st lien HELOC (6.25%) with a 10yr draw period.

I would like to draw $1-1.5M from it to buy a multifamily property with a 1st lien HELOC. 

Once the $dyx start to show strength and the monetary helicopter money draws down and the fed backs of the purchase of junk bonds this house of cards will topple.

Remember: a fantastic deal will draw in private lenders but fantastic private lenders will not bring you deals.