Buying existing rentals and improving it is another story. typically I'd agree but we build a stacked triplex that does very well with build cost around 380k and rent at 5k a month. value is about 600k I think you need to build multiple dwelling units in the same building for the numbers to work

Partner Driven financed the Millgate Drive deal using its own capital, covering the $115,000 purchase price and $33,396 in renovation costs.

A lot of lenders have a seasoning period of 6 months in order to use appraised value not cost basis.

Cah out can be used as an asset and for PITI reserves and a Heloc can "Never" be used as an asset or PITI reserves.I generally work out the options for my clients to compare a cashout to a Heloc so you can see payment to payment, overall costs and rate.

Exhibit 4.4: Activity Log Business/Property:__________________ Year:____________ Complete the following by day:________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________Under penalties of perjury, I declare that I have examined the information contained on this worksheet, including attached worksheets and statements, and to the best of my knowledge and belief, it is true, correct and complete.__________________________________ ___________________ Signatures (both spouses, if married) DateReg. § 1.469-5T(f)(4) provides that reasonable means for proving hours may include a statement of services performed AND approximate hours based on appointment books, calendars, etc.

But when their business relationship with the actual bank soured, the API connection was severed and the people were basically left without access to their money..

Plumbing is the #1 cost we have to deal with. 

You own the lot worth $325K outright and have a construction lender for up to 70% of the build costs but need an additional $250k for the remainder of the construction costs?

This delay is costing me money every day as my property remains vacant.Additionally, their application process is extremely tedious and discouraging for prospective tenants.

Once you get your systems down, you have a real estate business model that you can take to any market and be still be successful.