Hi All Im an experienced agent that has now decided to to open up my own development and inspection business to supplement my sales business. 

Some investors will say that's too much risk for not enough return, especially with many note funds still offering that 9-11% rate.Therefore, I think Ian is certainly right to consider a fund depending on your objectives. 

All of those are "part of doing business". 3 years, 7 Airbnbs and hundreds of guests later I'm still a proud host and a big fan of the mid-term / short-term model!

We intend to continue with the same business model. 

Investing in real estate with your own money and from a position of financial strength is, I believe, a far more rewarding experience than leveraging other people's money and being dependent on a positive outcome to keep you afloat. 

I would consult with your CPA and your lender on options depending on which path may be more beneficial. 

Construction Business LoanHow did you add value to the deal?

There are a few things to consider for your specific situation...The type of financing you use for your real estate purchase depends on a number of different factors.

It depends from state to state and potentially the individual town as to if there is a limit to how much you can raise the rent.

Prices have jumped up pretty significantly the last few years; I had an addition done in 2021 just when lumber was starting to go berserk and I spent $100/sf *BUT* I use a lot of these contractors in my rental business and it wasn't a turnkey job - I did the electric, insulation, HVAC extensions, painting and trimwork.