I showed them the whole business model and spreadsheet...We ordered the Feasibility study and appraisalThen they gave me a Term Letter that states everything even construction cost analysis by their 3rd partyThats where we are atwe have a GAP of $2.7MWe came up with the strategy last night.. that at the very least we need $1.5M cash to pay a balloon payment by June 27 or it forecloses... the lord will not let that happen.So I have the green light from the Lord to talk to all the interested investors as He is opening up the doors of Favor

I designed a 2 bed 1 bath stacked triplex that fits on a 30' wide lot with 3' side yards and we can build it for $174 a sq ft hard cost. we do them where the land is 10% of after repaired asset value which in our market is 50k approx. we study multifamily trends and stay with it.

Just factor it into your numbers from the beginning as closing costs coupled with the potential refinance in six months.

It cost me 40k (20% down and 10k rehab).

You should look to conduct a cost segregation study so that you can accelerate more of your depreciation against your income.

This is called "costs of selling" and is added to your basis, reducing your capital gain.

They cant be expected to run to the shop, grab materials, install at cost.

All those would be costs, if they are even possible and approved. 

Besides finding a good investor friendly real estate agent, if you're strapped for cash, then door knocking is a cost effective way to land some off-market opportunities.

For Marketing we're using HubSpot which can be pretty costly but it's good.