They hire us and we may charge $150, plus fees so if the recording and permit fee is an additional $150, they spent $300 but netted $200, now depending on job value which is what decides the permit fee.

More driven than ever I am eager to build connections and add value to all the members here and in my community.

building multifamily is one of the lowest risk strategies out there. single fam has no economies of scale and in columbus right now I would argue that the cost of a garage is greater than the value you even get for an appraiser. so a 400 sq ft garage if that was heated space is worth 5x to 6x. because of that, we build multifamily more because of the economies of scale as well as density, increased rent coverage, etc etc 

Below market value, appraised at almost triple ARV How did you find this deal and how did you negotiate it?

Borrow from Life Insurance: If you have a whole life insurance policy, you might be able to borrow against its cash value.

I took out a mortgage through the builders lending company DHI Mortgage but have since paid it off in full with the proceeds from the sale of my home in Maryland last year.How did you add value to the deal?

Since the interest rates are high right now and prices pushed back a little bit I thought about doing an owner finance on a five year balloon.Thinking about paying it off in full and then turning around and doing an owner finance at a value somewhere between its current condition value and the ARV.

My goals are primary to BRRR and value-add.

Usually DSCR loans should have a value of 1 or higher at least. 

Hard Money Loans:While typically used for flips, hard money loans can be an option if you plan to quickly refinance into a conventional loan after increasing the property’s value.