If you plan on holding this property for less than 5 years, be aware of the Pre-payment penalties.

If you start your own firm, I would plan on 60-70 hour weeks for the first 5 years or so. 

Business Plan:Start with a clear plan.

Business Plan:Start with a clear plan.

It is actually currently a rental property (purchased in 2017), I am planning to move into it for 2 years as our primary residence, make some improvements and then convert it into a short term rental. 

I’m having a hard time finding information on the financing piece of how house hackers build their real estate portfolio – is this plan generally sound?

The steps are basically the same, but it takes that little extra effort and planning to make it happen.

Hello All, I am not sure if there is a rule of thumb to how much a design should cost but I received an estimate of $23K for Civil engineering work (site plan, storm drainage plan, site grading, soil erosion & utility plan), $25k for  Architectural and structural and $11K for MEP for 12 units townhouse (2 bed and 2.5 bath) on a slab. 

They trash houses.If you don't want to get wet, don't go swimming.lol, Love you to mate lolI think that video was from 2017 or so.I wear pants nowadays just not a shirt (Jokes).We did our best and will continue doing so for everyone.Sometimes things don't go as planned and I'd love nothing more than for everyone to be satisfied and to achieve their goals.The team and I are great at eating $#%@ for as long as possible until enough is enough 🙏

Quote from @Jesse Turner: From what I've seen and heard, construction on the USVIs is very expensive because materials must be shipped in and there is a dearth of labor.I plan on inflating my expense side of the analysis significantly to make up for the expected increase in material costs.