I do not work with ABL's but the renovation loans I have analyzed, the lender gives the funds for the construction at closing to the borrower unless the renovation costs exceed 35K (in which case they give money in draws for when the construction phases are completed).

And have 2 large distribution and fulfillment centers coming to the city, that will draw in people from out of state they may want to live in quieter town without the cost of the suburbs.

I've heard it varies based on markets and/or surroundings but if the property your analyzing is in a neighborhood that hasn't had another house sale in the last 6 months, where do you draw the line?

The downside is most people would not draw the connection that Graham is part of Raleigh. 

I think you are safe in a "ski/outdoorsy" market, especially if it's an area that is already drawing in tourists!  

He already has architectural drawings and is working toward getting a building permit issued.

For those that work with HMLs, how do you account for your contractor’s fee when creating your scope of work and requesting draws.

The organization, planning, and time management are key things to keep in mind.Also if you tend to be handy and know how to do a lot of stuff, you need to know when to draw the line and just hire it out versus doing it yourself.

I've heard it varies based on markets and/or surroundings but if the property your analyzing is in a neighborhood that hasn't had another house sale in the last 6 months, where do you draw the line?

Interest only payments during the draw period (10 years)I’m wondering if there are any advantages to trade my primary mortgage (fixed 3.5%) in exchange for a variable rate of a 1st position LOC (which I understand would be around 7% right now).