What's your main goal with the property(LT, ST, etc)?

Goal - minimum out of pocket to find real estate for a small workshop - renters a plus.

Generally speaking, how have you seen your PM companies change and shift in the last year and what goals do you have for 2024 given the data (qualitative or quantitative) that you have observed?

In the end, a majority of inspectors would likely appreciate the fact that you will end up improving the condition and make it safer; especially if you are not trying to use the space as additional utility space or living space; just as long as the Zoning Reviewer doesn't pick your project to become an issue, or just as long as you are not hiding an illegal unit which an inspector notices once on site...One final note;In regards to deconverting your property to a single-family residence in the future; with the Zoning TSL Expansion, many Zoning designations are restricted from deconverting properties away from an existing Multi-Unit condition.

Evaluate Your Goals, Conduct Market Research, Diversify Your Investments, Financial Preparation, Network and Build Relationships, Risk Management and Seek Professional Guidance I hope it helps. 

Hi,I am planning to get my first BRRRR project in a month, but I am having a hard time understanding the finance part of BRRRR. 1.

Also it is very very common for sewer, water, storm etc to be connected in condo or townhome style projects.

Smart people - if I own 24 buildable lots appraised ~$1.6-1.8 million in total (assessed by town at $1.4M), what do you think is the best way to build out the homes (notionally $300-400K builds/$450-550K sells) and make money: a) putting the least money out of pocket into project, and b) NOT signing on construction loan(s) if possible? 

We met all non-passive requirements and can provide proof to show that our projected annual materially-active involvement is at least 500 for 2023.We met with our CPA and he brought to our attention that we had a loss of -$107k.

However, I've never done any BRRRR in the country, and I'm planning to talk to a few local banks about it to see if they're open.Has any of you guys run a BRRRR project here?