I am not saying the bank couldn't have made a mistake, but it is highly unlikely.

We are thinking a "Project House" in the SE Suburbs/ Exburbs of Charlotte, High Point / Greensboro, or suburb / Exburbs of Raleigh. 

hahaha John, I thought I left the debating back in high school

I aim to have it show the impact of K1 losses if the syndication offers it, and that tool is helpful because some of the comparisons will show a real estate syndication vs mortgage notes or debt funds that may not offer the same tax advantages/losses.I've included some of the criteria I was putting on the Excel calculation below.

If you want to get an idea of all that is happening in our market I would highly recommend subscribing to the Triangle Business Journal. 

There is a vetting process for members, which helps to keep the quality high, but a downside is that it's not as big as other groups. 

I feel that a new investor doing a BRRRR is too risky and does not have a high success rate.

I feel like the old multifamily properties vacancy rates are very high?

Examples of short and long term uses, HELOCs & CES.HELOC(Short Term)- Use a portion or all of the HELOC now knowing you're going to pay down quickly, which eliminates payments and interest.HELOC(Long Term)- Many HELOCs have 10 year interest only draw periods, while CES have a P&I payment, HELOCs may have less impact on cashflow over the long term.- Perhaps you think rates are going to move lower.

I live in Northern NJ and as I mentioned the barrier of entry for me in NJ is too high.