“So far we’ve been able to keep up.”The average price of the 7,056 houses that PulteGroup Inc. sold in the fourth quarter was $462,000, up 7% over the same period in 2019, and the builder’s executives say prices are headed higher because of lumber costs.AvalonBay Communities Inc. said that it has $750 million worth of new apartments on the drawing board.

Being an Architect I was able to save money by doing the design/permit drawings myself.

Typically that means the tenants or owners will get architecture design drawings, send them to us and then we price it out, consult with clients, order materials and oversee the entire construction of the space.

So far so good, EXCEPT, while I was at work the contractor decided to play with the old heater pipe, chipping some paint of with his finger, and YEP, pin hole leak SMH! 

Time to draw a firm boundary line.

The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.

I asked her if she had a local attorney ( she lives about 1 1/2 hours south ), she said she has one but not in the area where the deal is located and that he could draw up a contract and send electronically.

Hi @Fahadbin Alam(1) You can either purchase directly in the LLC with commercial financing, or you can purchase in your own name and then transfer into a Land Trust is owned by the LLC (this avoids the due on sale clause and allows you to own the property anonymously) (2) There are no limits to how many LLC's you can buy (3) you pay yourself as a owners draw, or if you are making enough money it can make sense to pay yourself through an S corporation to avoid self employment tax-Cal

You will also need to float the first construction draw, or the first part of your renovation budget.

Purchase price: $142,000 Cash invested: $92,000Cash to Close: $35,000Renovations: $57,000ARV: $210,00070% LTV: $147,000Owed to HML: $145,000 ($115,000 + $30,000 construction draw)Rent: $800/moFree Cashflow: $250/unit ($1,000/mo)What made you interested in investing in this type of deal?