The experience goes with track record - do they have a history of doing this and being successful as well as having failures.

Besides, new build communities could be risky unless it is in a proven area. 

Some people don't have financial situation, nor have the bookkeeping to track or maintain it.Again, I personally find it very stressful just thinking about living that way for the life of the loan keeping the lowest daily balance possible. 

After all PITI, utility, and services (lawncare and cleaning) costs I have $7,225.I set aside 25% of this for my maintenance fund.The remainder funds my lifestyle, wife has a Tesla, and quarterly vacations as well as business growth.In 2023 I am tracking to build 4 duplex units designed as room rentals funded in part from a recent land sale.

Well, this is harder than it sounds especially when you're a beginner because you know no one and have no track record.

This is proper planning and so smart to get educated way in advance of the first guy so you are totally on the right track.

Hey Roy - Typically, previous experience is weighted heavily with hard money lenders, so they might offer better terms to flippers with a track record.

Welcome to BP, sounds like you have a great track record and future!

Be sure to track your activities.

It sounds like you’re on the right track by building a strong knowledge base.