As far as tapping into the equity without doing a refinance, we offer some great HELOC products which are especially good for funding short term deals like ground up constructions or fix and flips.  

mortgage closing costs: 2 to 5%property value appreciation: 3 to 6%cash on cash return: 2 to 4%cap rate: 4 to 5%rent growth: 3 to 5%rental property expenses growth: 2 to 4%repairs & maintenance cost: 5 to 10%capex: 1 to 3 %Vacancy rate: 4 to 6%Mahalo !

He said that every time he has been sued over the years, even though there is an LLC, he was always ALSO personally named, so he still had to deal with it.

Penciling, comping, and closing deals come easy to me, but now I want to further challenge myself and increase my net worth to pass on to my children by getting into multi-family development.Who I want to connect with- Other DevelopersI want to understand how you are capturing these opportunities, penciling them out, and managing these projects from the ground up.- LendersI want to find a lender that I can rely to provide me a steady stream of debt and who I can show they can rely on me to provide them a good return without dealing with any surprises on my end.

We currently use Podio, but we hired a developer to customize it further, tailoring it more closely to our systems and processes.If you are just starting out, you could use the basic Podio template and continue customizing it over time.

Also, don't overlook the simpler ways of adding value like adding a washer and dryer to a unit or other amenities a deal might not have.

Get a lender, enter into contract, close escrow, enjoy your new home. if you have less than 30 days, you would need the seller's cooperation to contact the foreclosing entity to see if they will postpone to give you time to close the deal. it's not guaranteed and the lender is under no obligation to do so but if everyone wins (seller sells, lender gets paid off in full, you get a home), most lenders will provide a small window of time to get it done.

My goal is to gain enough knowledge, support, finances, and courage to make that next deal that's conducive to my current financial situation.

They may lend on deals a professional lender would not. 

Hello BP Community,I am analyzing a deal in the San Antonio, TX 78244 and thinking of putting an offer.