Hey Everyone,I've begun to lock in on doing a brrrr in the Philadelphia area to reap the rewards of hard money financing and buy/hold.

long term BRRRR is working in this economic environment, coupled with the luxury home price crash, it's a very good time to do BRRR for higher-end property with a holding time of min. 3 years, I see interest rate curve and how some market dropped , it's like best reward/risk time in term of holding property.

Therefore, I won't reward their negatives with future biz.

to be honest, reward/risk ratio for flipping/rehab is better than LTR for CF.

Construction can certainly be frustrating and time consuming not to mention expensive but in So Cal, it can also be very rewarding too.

But with a solid plan and a commitment to your goals, you can achieve great success in this exciting and rewarding field.

It can get a bit crazy but overall, very rewarding and beneficial to not only my own investment companies but it gives me an overwhelmingly amount of gratitude to help others that join my groups and watch them succeed! 

For being a nice and understanding person, your Karma will reward you. 

My suggestions:1) Be ready to demonstrate that the as-is $1.75M purchase price is a significantly below market acquisition price2) Try to get the Seller to provide all/partial Seller financing 3) Be ready to demonstrate that there are relevant comps nearby to justify your projections4) Have an absolutely airtight scope of work and detailed cost estimate with construction milestones5) If you are convinced of the lucrative nature of this deal and your ability to make it happen, consider raising additional capital from friends/family or other sources to increase your equity contribution to the project6) The lender's will want reward commensurate with their risk: expect double-digit interest rate and a personal guaranty.

More risk, more reward!