It depends on the LTV, type of loan, whether it is rate and term or cash out refi, and some other details, but that's not crazy.

During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.

@Reeves Bennett, Your property sounds fantastic, and the key is targeting the right buyer while showcasing its value.

If it would help to get a more detailed estimate feel free to reach out.Documentation is rather limited, just ID, bank statement, LLC documents to start.Sometimes there are interest-only options at 30 and 40 years, generally the difference in payment fully amortized over I/O is minimal so it may not be worth it.

I doubt even Brian Chesky himself knows the exact detail nowadays. 

You have to talk to the sponsor to find out the details on each particular deal. 1b) And the asset class matters too. 

If it'd be helpful to go through some details feel free to reach out, happy to explain more.

U want an attorney NOW to explain to you in detail the laws surrounding how the mechanics work.

Happy Holidays, and thank you for sharing such a detailed and engaging market update!

Hi Everyone,I just wanted to take a moment to say thank you for sharing such thoughtful and detailed advice about scaling with the BRRRR strategy.