The option fee is basically  $XX for XX days the buyer has the option to terminate the contract for any reason.  

He directs a percentage of personal project earnings to the cause of homelessness in Los Angeles to provide aid and raise awareness for those less fortunate living in Southern California. 25+ years of sales, management, real estate and business development experience.

Taxable Value 75,830Purchase 50,867Tax 1986.70Vacancy 10%Repairs 5%Capital Expenditures 5%Property Management Fee 10 %Investment results: Purchase Price: $50,867.00 Purchase Closing Costs: $3,000.00 Estimated Repairs: $0.00 Total Project Cost: $53,867.00 After Repair Value: $70,000.00 Down Payment: $10,173.40 Loan Amount: $40,694.00 Loan Points: $0.00 Loan Fees: Amortized Over: 30 years Loan Interest Rate: 5.000% Monthly P&I: $218.45 Total Cash Needed By Borrower: $13,173.00 Monthly Expenses: $643.95 Total Cash Needed: $13,173.00 Cash on Cash ROI: 5.11% Purchase Cap Rate: 6.48% Really, I know it’s not a great deal, but it’s a property that I can buy into for cheap.

Steven Mitchell Currently manage projects of that nature.

The only reason it is structured as unsecured is if 1) the borrower's net worth is substantial and it's basically a credit card or 2) collateralize funds cannot be secured for a specific reason (such as high volume inventory purchase/sales) but the ave balance stays constant.

I have a duplex that is basically breaking even but we will save $550 by going from a 5.5% fixed down to 3.5% on the remaining principal (no cash out).

I have no idea what a project like this costs and need some insight. 

Yes it is just a "construction" loan basically.

Can anyone suggest an investor-friendly Real Estate Agent/Broker and Contractor for my repair projects in Houston, TXThanks 

In our project actuals there was  ~8K in costs that would not have occurred if we did not have to clean-up after the pets.