These loans often have more lenient qualification requirements compared to traditional mortgages.Opportunity for Renovation: Many HUD properties are sold in "as-is" condition, providing buyers with the opportunity to renovate and customize the property to their preferences.

I can advertise 90% if someone say has completed 5 new builds, but if it's their first project most lenders will cap at a lower LTC.

Good if you're new to this.Spec development: Build your project and then lease or sell it.

How do you approach partnerships or joint ventures as a means of securing funds for real estate projects?

@David Ted Hren Until you become licensed, can you just draft some kind of "project management" agreement or something to that effect with your client?

We’ve been busy with a lot of projects this year so the contractor has had lots of subcontractors and other projects going at 2 of the properties one of which is going to carry over into the first 3 months of 2024.

I have always invested closest to home so all the little emergency things can be handled locally our network of Contractors Plumbers,Electricians are also all local. out of state plan on at least 4 tripts in the first year if renovating Air fare X4 Hotel /Motel Rental Cars all can drag you into a negative cost cycle. unless the size of the deal makes Travel expenses irrelevent add them to your buget forecasting. 

My goal here is to make sure that once the house has been renovated, I'll be able to refinance and pull my cash out.

I'm lucky to be personally connected with some of the best developers in the country, whereby I get the opportunity to buy condos or villas in their projects at a large discount to the retail pre-construction price before the projects are launched.

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