I'm looking to get into the BRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy but want to build a strong team and could use some guidance.

So, you're doing the right thing checking things out before submitting your construction plans.Hope this helps

I've replaced specific details with 'xxxx'.Terms of Payment (interest only): On or before March 15, 2024, Borrower shall make a prorated interest payment for the month of March 2024 in the amount of xxxx per day beginning on the date of execution of this note through March 15, 2024.

Quote from @Arkadiy Iliyayev: Bump Nobody knows and getting into a political discussion on NP does not end well especially as it relates to immigration. 

This affects opportunities for buyers. 

Most buydowns on DSCR loans take 4-5 years to get into the green, no difference if you buydown 1pt or 5pts.

The key is the fed knows they need to help mortgage rates right now so if they lower the fed rate AND stop selling the treas bonds in their porfolio, that will help create more demand for bond sales to keep prices up and get rates down a bit.I can see mortgage rates hitting 5 to 5.25 by spring of next year. 

First of all- how much is this park worth to you?

I just have no idea how the contracts work, financing options outside traditional, etc. would love some help.

I’ve been in the real estate business for almost three years now and have completed five deals: one buy-and-hold long-term rental, one short-term rental, and three fix-and-flip projects, for which I helped raise capital.