For the past five years, I have been providing private loans to a builder for new construction projects.

We will then usually go with the lesser of 80%-85% of the total cost of the project or 70% of the As Completed Value from the appraiser.

Connect with a lender who is knowledgeable in investing, a property manager, attorney, contractor, etc. to build your team in your chosen marketFinding a great investor friendly real estate agent will be important.

Specifically, I am looking to track the projected rehab cost of each unit, cash flow from rented units, first lien costs, general partners and limited partner returns.

His time spent on each project is super minimal but I need his ability to pull permits and construction expertise to spot check subcontractor work while I am studying to take the Residential Builder Exam myself to get my own license.

In my experience Loan to After Repair Value (LTARV) is most commonly used as an Underwriting metric to ensure "the juice is worth the squeeze", or in other words, to make sure the project is worth the investment.

My issue isnt managing from DC since I’m a flight attendant and have a  flexible schedule.

We do live in a rural area and some contractors we spoke with said it was too far of a drive to do the project.

One way to unlock potential could be to take the project to 'shovel ready.'

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