As I hit certain milestones on the rehabs, I was able to collect draws from the remaining borrowed money.

@Kent McDanielCongrats on achieving a milestone.

The S&L crisis was FAR worse in terms of CRE default rates and price declines than 2008 (I literally built a pitch deck breaking this all down last week so I have dozens of Excel models and graphs to prove this occurs every 10-15 years or so). 

Best, RemiWhat are you folks going through in your business that is keeping you from achieving your next milestone?

Purpose is to incentivize ontime Milestones and minimize your holding costs.

I'm curious to know how people have worked out their milestone payments with their contracting team.

Celebrate with the people you care about as if you have passed a milestone in an addiction recovery program.So I would sell the car and pay down debt with the money.

Break the scope into milestones so you control risk and get to a  point where you can do something with the house/GC if need be.For example:  Milestone 1.  

I guess it depends on what the local market is doing and exit strategies and time horizon period.In Georgia for instance we are not one of those appreciation driven markets that go up and down like a roller coaster.So on a graph we go down but not at a huge rate.

He believes that by reading graphs, you can predict where the market will go within the next X number of years.I showed him this graph:and he thinks we're near the fear stage.