The key thing is that I have no intention of selling the end product if anything I would be keen to purchase the remaining part of the development on completion as I am a buy and hold person.Thank you in advance for any guidance as I am pretty exited about the idea of doing my first ground up development.

Our exit strategy was to refi out with local banks we had 4 lined up but all now are saying " great work but "too green" "not seasoned enough" " come back later" "you suck" blah blah blah.

i know I would need to pay the fees and interest if I did not like the price and decided to redeem them but if I could get close to market value plus retain the property and rents for one year after the sale wouldnt this be a good exit stratagy?

In the 2nd mortgage business, we don’t typically exit through the property; we exit through the homeowner.

Now that you have your Max Purchase Price, compare comps in the area, we don't want to be over paying for a SFR because our main exit strategy is to sell this to an owner occupant.

I suggest getting clear on your exit and top price now.

I own a property in Bridgeport, CT off exit 29 on 95.

You just might have to either find a private lender, or exit the deal.

Michael Seeker Great point.The formula is for cash buyers, though I didn't think of the appraisal like you mentioned.We were thinking of other exit strategies in the future and if we were to sell the house FHA then that would definitely be something we would need consider.Thanks for the nugget!

What's Your exit plan?