Prior comment of getting 15% in these investments - honestly I don’t see it because of the burden of the overhead to deal with small dollar investors.We started our fund At $500 and quickly bumped it up to now it’s $5,000 because of the costs of dealing with these small dollar investors was to excessive.

I wanted to reach out to see if you could provide any guidance or ideas on how and where to start with this process.Any advice or resources you can share would be greatly appreciated!

Hi Kyle,This is the most common question I get asked.Don't waste your time because nobody in their right mind is going to fund 100% of your project.In order to get into new deals, build, buy, flip etc. you need to have some skin in the game.A bridge loan to get the cash out of the property on the market is possible, that can then help get you the cash needed and start this new build.

If anyone has any advice on starting construction, good place to find cheaper trim, doors, cabinets LVP etc, or even people in the Minneapolis/north metro that you would recommend for the job I would love to hear it.

I'm new here on bigger pockets, new to real estate as a whole.

You can up to 4 borrowers on one loan by the way.

Thanks so much for thoughts on any of these items!

They do a thankless job for pennies and are expected to work 24/7/365.You should sell the property and move on to a property that makes investing sense.

Does anyone have advice on what to do with this land if we still want to do real estate investing as a family?

A capital expenditure is money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.