Its great for a short term construction project and you can refinance with a lender you like working with after your project is complete.  

Free flooring for our addition- see the story on our project diary page.

When a big student housing project sprouts up next to campus in the midst of these SFRs, what is the likely impact on SFR properties which are immediately adjacent to the project? 

The CAP rates factor in property management fees and a projected 40% expense figure.

The project is work in progress but learning as I go. 

Our next meetup is in a rehab project next Thursday.

Personally I think the strategy is great with regards to rehab, and I have bought a house before with a credit card, but I also had a ton of liquidity and lots of simultaneous projects and it just made sense - and I didn't pay any interest other than 1% to do an 18 month no-interest, which gives me an effective rate of .667%, or just about free. 

What I am looking to accomplish with you guys is to build lifelong profitable partnerships through single family/Multi-family wholesale and flip projects.

I always avoid weird layouts for potential purchases, as the additional time and reduced rent makes the deal not so good if you are realistic about your projections prior to purchase.  

Hello all, I am making my first home purchase (a bit of a fixer upper) and would like to include a clause in the escrow agreement that allows me to back out (while recovering my earnest money) if the inspection finds any major (as in, cuts the projected home value in half and makes the deal non-viable to me) problems.