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19 August 2024 | 4 replies
I have also been told in person by an individual that is a licensed Realtor that it is +- 600 sq ft.Can someone give a thorough explanation on the rules to finding comps?
20 August 2024 | 16 replies
Also, if the property appraises for 900k, would the 100k built in equity satisfy the equity requirement or does it have to be new money?
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19 August 2024 | 1 reply
I'd love some feedback online or in person.
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18 August 2024 | 29 replies
If I have done business with one and they were so dishonest that I literally had to engage an attorney just to get my own money back from them, I will inform you as well.
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19 August 2024 | 1 reply
They believe hard money lenders lend down payment money4.
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17 August 2024 | 10 replies
It is more of what fits you and your personality and what gets you excited.
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19 August 2024 | 9 replies
Every person that has completed ground up construction in Cape Coral has turned out positive, but there have many been many delays and limited communication from specific builders that we are aware of and offering guidance on a case by case basis.
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19 August 2024 | 7 replies
Personally - we have found a lot of success scaling from single family to multi by a combination of all the above.
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17 August 2024 | 4 replies
(Also, the developer is reasonably experienced + wealthy and has personally guaranteed some of the existing development projects - but wants to move away from that)I'm also planning to get some equity in the JV / the broader development company (much less equity than if I were to be a pure equity investor of course). because I do think this could scale to 300-400 homes / yearOf note: These homes are modular in nature - so are faster to build and margins are projected to be attractive.My questions for you all is:Have any of you lent to development assets with cross-collateral from cashflowing properties like this?
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20 August 2024 | 11 replies
As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio.