We've owned property too far from where we could drive but have found it too difficult when issues arise, as even with decent  property management, problems arise where you need to be there, so we sold those off.  

The banks can be difficult to work with and I pay cash, so I don't have to worry about financing, but there's often some gotcha. 

So, it will probably be difficult to refinance once construction is complete.   

I think it depends on your age and kids, and you account balance.

Hey everyone, So this is a quick and easy question with an difficult answer or maybe a easy answer from those with experience.

I would have to assume that it will be more difficult to calculate going forward.

Also some conservatism as a balance is not a bad thing either.

It threw me off balance when I first encountered it but if I had the opportunity to do it in the future, I would.

lots of rabbit holes out there and what I call due diligence pump and dump scammers.. prey on mid level developers who have never gotten one of these loans.the borrower falls for the 5 to 20k up front fee to perform so called due diligence and the so called lender never closes.I have seen colleagues of mine blow through 100k looking for CHEAP money when they should have just under stood this kind of money in the Private equity world goes out at 10 to 15% apr period unless you have a local bank that will do it like I do. but even then its one project at a time and uber cautious.. they don't want to go back to the bad ole days were they ended up owning pipe farms.. and they generally will only do these with who they determine are their top tier clients.. you cannot in our market be unknown to the bank.. unless your have that monster balance sheet.but in my mind Socal is ground zero for this kind of money.. 

From my understanding, the deed does not actually transfer to my name until the entire balance is paid.