When purchasing a BRRRR property, it's super likely that at least some of the neighboring homes will be in less-than-ideal condition so you want to give it time for those models to go under some rehab hopefully and appreciate which will help your appraised value at the end of the seasoning period so you can maximize your cash-out.If you have any additional questions - feel free to reach out!

Quote from @Laura Kreinbring: What do you think about what the platform professionals told me:So you use experts from one free forum to validate the expert from another free forum?

For starters, make sure you are working with a TK provider that is not just going to tell you all the pros of the marketplace and their company but also all the risks associated with the marketplace and all their weak points.

If you have any questions, please feel free to reach out. 

Offer free services or models of sharing that data to other brokers at a price that do not equate to highway robbery.  

Is it FREE to apply for an EIN?

You could structure a joint venture agreement but make sure you lay out the following: - Purpose of the Venture- Contributions- Ownership and Profit Sharing- Decision-Making- Management- Duration and Termination- Liability and Risk Allocation

Good luck on your journey and feel free to reach out if you ever need any guidance or advice.

@Ravi KaruturiRavi, a Project with a $10M “all in” cost will typically support a 70%-80% loan to cost (LTC).This means that you can borrow $7M-$8M which means that you will have to invest an equity infusion of $3M-$2M.More fundamentally, if you are asking a question like this, your priorities need adjusting.Raising capital from whomever, and especially from friends and family must come after you have acquired and can demonstrate the skills necessary to build a $10M ground up development.I believe that if you pursue a plan to raise the equity required that you will find it very difficult to secure bank debt without a track record and or the skills noted above.Feel free to reach out to me if you want to talk.

I am not really sure how this would work with an FHA loan since I mainly do non-QM, so if anyone else knows, feel free to chime in