I'm currently projected to earn 15% for my first year.

I’ve done a couple of fix-and-flip projects in the past using a hard money lender (HML), which has its pros and cons.I’m currently looking at a couple more properties and trying to decide if I should go with an HML again or explore other financing options.

They will look at the ENTIRE cost of the project and calculate what they can offer you in loan amount.

Hello everyone I am wondering how everyone is doing with their fix and flip projects.

Real revenue has not lived up to projections.

From what we have been seeing from the people investing in our projects from abroad is that only to open a bank account they themselves need to be here, although I imagine that towards the future this will be changed as well. 

For the multi-family, lenders typically count about 75% of projected rental income toward your debt-to-income ratio, which should help if the property is cash-flowing.

Have one subdivision project going to market this spring.  

We decided to outsource major tasks such as septic installation, plumbing, heating, and carpentry, while handling smaller projects ourselves—a decision that proved beneficial.

And you’ll be much more relaxed too bc  you won’t have to deal with 1 million house problems and annoying guests 😂😂😂I think some people are diving into STR because they think it makes them look cool, or they want a cool side project.