Regarding the compounded return, the IRR does assume cash flows (if any) are reinvested at the same rate of return as the project itself, so this aspect is also included in the calculation (and that's why people use MIRR if they want to adjust this reinvestment rate)Again, thanks for your answer!

The way I see it, the reason he needs my money is because he doesn't have his own to invest in the project, so why is it so common to say "you do need to put in X%"?

Hi all - my partners and I recently completed and listed our first renovation project.

Is it possible to get a conventional loan to fund this type of project?

I have considered any and every expense associated with the project, including credit card/paypal fee's, credit card interest payments, travel expenses.

At that time the rate and terms were better individually than through the LLC for a construction project, so I did the loan in my personal name and transferred it to the LLC for liability purposes.  

Other than that, bank branches are typically good projects because of their locations and parking.

How do you manage projects and properties from a distance?

We have multiple projects that we are working on, ranging from full gut reno's, to smaller fix-and-flips, that we could use additional contractors to expedite and grow our company.

From close of escrow (COE) at purchase to COE at sale, it was 11 months to complete this project.