Many of the BP podcasts are from a pretty young perspective, both in terms of flexibility and maybe even priorities.  

The process is broken from the buyers’ perspective. the redemption's in our experience has always been that way.

Of course, try to get multiple perspectives from different loan officers before committing. 

Thank you in advance for sharing your knowledge and helping bring a new perspective on land development to life!

If you're comfortable taking on more effort for bigger rewards, BRRRR might be the way to go.From a tax perspective, BRRRR may be better because you can potentially benefit from accelerated depreciation on the property, which can help reduce your taxable income and give you a bigger tax advantage compared to a turnkey property.

I think one thing people who do not want to go public is they can shift the story but focus on truth not opinions. 

Would love to hear others' perspectives. 

@Stephen Hood your idea is solid and shows good potential, but here are a few things to consider:Private Lender Terms: Ensure the lender agrees to the 1% origination fee and $2K monthly payments—some may require a higher interest rate or balloon payment at the end.Timeline for Sale: Factor in potential delays with selling your current property or completing renovations on the new one, as these could impact your refinance timeline.Refinance Feasibility: Confirm with lenders that refinancing at $500K is realistic, especially after recent rate increases and appraisal expectations.Exit Plan: Have a backup plan in case the market shifts or repairs take longer than expected, such as extending the private loan or bridging with a HELOC.If you can lock in favorable private loan terms and stay realistic about costs and timelines, this could work well.

So I suggest really being clear about the "why" and the "what to expect" to keep these inevitabilities in perspective. 

It’s great to see someone diving into real estate investing, especially with the unique perspective of being overseas in Japan.