Lastly, what cash flow and cash-on-cash return are you projecting to earn, assuming you find your hard money loan?

I feel this feature will become standard on other price softwares in the future

I never lock any HELOC money into any project that I do not plan on getting my money back within 6 months.My HELOC is right around 9% as well and interest only.

There are three main types of residential financing out there.Agency loans: Conventional, FHA, VA and USDANonQM loans: DSCR, 1099, Bank Statement, P&L, Asset utilization etc HML/PML: Bridge, fix/flipMost investors who are looking to do value add go with a HML/PML as the lender only cares if the deal makes sense (Is there ample equity in the deal if the investor cannot complete the project, will the value be supported after the project is complete).

This will be my first rehab project and I plan to BRRR this rental property.

Our experiences taught us about equity, the intricate dynamics of neighborhood politics, and the resilience required to offer comfort and shelter in the face of adversity.The property became a haven for individuals and families striving for a better future—students pursuing higher education, young professionals embarking on their careers, and families caring for loved ones.

If you have the right team and the right mindset, you can take calculated risks and make quick decisions to tackle the projects you want.

I went 6K over budget on this project, sold it for a bit less than what I wanted to, but learned a ton of lessons overall!!

Of course you should vet the potential GP to make sure they have the wherewithal and bandwidth to execute the project correctly and in the most timely manner as possible.

After some digging, I feel like the HELOC would likely be the preferred route for funding my next project.