Typically a cleaner or handyperson is happy to do this. 

Hey Varun, There are quite a few lenders that can do this but rates are typically higher and many have 5 year prepayment penalties.

Just analyzing the average revenue and typical home prices that the report provided, I found that most of the markets wouldn't really be great place to get started. 

My practice was commercial and institutional architecture and I specifically avoided residential because the those clients typically had no clue how much it actually cost to produce a solid set of plans that gave contractors enough information to give solid bids.

Take late 2023, for example.

And it's an excellent example of someone just going for scale, scale, scale-- all cash flow.

For example you might look at a quadplex with water included where the yearly water expense is listed as $500, which is less than $50/month for 4 units. 6.

For example, in NJ we are basically pure ad valorem system, w/o homestead. 

Once you have the rehab you run #'s to see if the deal makes sense Can you give me a step-by-step real life example?

Hi Arshiya,Typically a Hard Money Lender will look at your:Down Payment (assets/liquidity to put into down payment) - 20-30% for first time investorsProperty value and After Repair ValueRehab Plan and Timeline - detailed rehab plan with realistic timeline and budgetExperience - not necessary but helpsFinancial Strength - credit score, track recordsExit Strategy - how you plan to pay the loan off