This deal is one that has been heavy on my heart as the seller is a close friend of mine, my current realtor, and currently in Foreclosure/Default on her Hard Money New Construction Loan which was her first investment.

Typically you will want local credit unions, small banks (not the Chase's or Bank of America's), google private lenders, etc.  

"Midwest and Northeast markets remain the most stable given their more modest construction pipelines and are projected to see rent growth in the 2% to 3% range into 2024."

Hey folkswe have been buying houses and doing brrrr and has some questions around taxesWe are spending around 25-30 on each house but was curious if this all falls under capital improvements or do you class it as repairs and do immediate deductionsI know new roof and appliances are typically depreciated but what about a shower that has mold stains in it that we replaced.

There are a couple downsides to multifamily house hacking though :1. they typically can take some money to get rent ready b/c they are typically sold by investors as previous rentals2.

Losses from passive activities typically cannot offset active income (W-2).

Tax lien states where you purchase the lien typically do not run into the 10's of thousands but rather are dictated by the amount of property tax owed, typically less than a few grand.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Typically in private lending the smaller deals have significantly higher risk

Is there a seasoning period required before a heloc is given and how long does the application process typically take?