We do not have enough capital for a significant down payment OR construction costs and so we are considering asking family members for a personal loan OR proposing a partnership.

Some of these Akiyas go from anywhere between $10k-$80k. https://www.akiyabanks.com/ (Akiya banks are not banks, but are like a MLS) You can also take a loan out for them as well, but this is outside the scope of this post.

@Havan Surat Thanks for the interest in this loan product. 

Initially I have some different ideas on how you can structure the loan to be more beneficial and create more cashflow up front.

It is easy to underestimate the timeline.It is easy to underestimate loan costs.

Hello everyone,I have a client with a credit score below 620 which makes it tough to get a loan.

When you refi from a hard money loan to a conventional loan do you still have to pay 20% down or do you just pay the closing costs for the refi?

I have 20k saved and plan to use an FHA 203K loan and house hack to net zero/cash flow minimally on my first investment.

@Art GiacosaIf you get a loan you have zero privacy as you need to sign the loan docs.

I see that as being 1/10 closer to my financial freedom number.Also, when you get to a certain number of units I keep hearing the magical phrases like "creative financing."