Lesss desirable areas will have less liquidity and thus better opportunities to buy off market like PG county.Depending where you are from our price points may seem high, but when you factor in the higher salaries people draw in these markets, the housing prices are not all that unreasonable.

On a separate sheet of paper, draw a network diagram.

You were fortunate, Deepika, to draw such a qualified contributor right off, instead of folks that kind heard of one of these situations and debated about it forever.Just don't confuse a lease with option as a sale and it will be clearer to you.  

Assuming a LTV 70% for a HELOC we could get $462,000 to draw from? 

I got 5.25% quoted this past. ..but annual fee,  minimum draw,  closing cost,  how long you have to keep the line open has been 24 to 36 months. ...just what Ive gathered in my search. 

This is a good chance to be strategic about how much you borrow toward the Purchase Price vs. how much you borrow toward the Rehab Costs (which are released in draws).Thanks for the good question, hopefully it will also help others in the future!

When I was looking at the architectural drawings I didn't think I would be a fan of the floor plans, but once we got inside the units I really liked them.

Last week I had to practically beg the lender to give me my first draw for the rehab.

Now, they are asking for $1000 more than the original invoice and a draw today.

Our Asset Management team also handles disbursement, construction draws, and tracking for all our loans (interest payments, construction status, etc.).