This would help you potentially qualify for an FHA loan when you execute the purchase option.Option 2: 5% payment for the option with the option payment spread out over 12 months from the 2nd month until the 13thmonth.

The last thing you want is to inadvertently overlook or forget crucial details, potentially leading to complications down the road.

If you want to reach investors you need to be going to meetups and networking in your area.

Whether or not you'll be able to lower your current living expenses by househacking will depend on:- the type of property- property taxes - which are relatively low in BK compared to other counties- down payment- projected incomeThat said, househacking in NYC is totally doable and most first-time househackers find success in located small multifamily properties (2-4 units) preferably with some sort of additional income potential (i.e.

In particular, I've seen potential for this to happen in Grand County (Winter Park & Fraser) + Mount Crested Butte.

The property is in South Carolina, and I've talked to one attorney who said run, and I've reached out to a second to ask about this type of deed.  

@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'd recommend reaching out to a bunch of local lenders to tell them what you're looking for and your situation.

I usually say something like, “we encourage future potential guests to read all other guest reviews of our property for an honest assessment of what to expect.”

Feel free to reach out if you have any questions!