@David Begley   if the CF wants hard money rates they will have a hard time with these underwriting critera vis a vi rates and terms... these would be akin to A paper or bank deals and as such 1 point and 6% is what I would expect to pay or less.In Oregon if we can get 90% of cost for new construction  including land and improvements. 1 point 5 to 6%  and of course a PG

But it is not like you can live at the property or rent it out for those three years.If you spend money/make improvements to the property during the first three years, the original owners also have to pay you for that before they can reclaim their property...and I think the same interest rate is tacked on also. 

And it's going to improve over time as mortgages are being paid off.

can I buy a property, pay someone else to do the improvments, and still turn a profit?

How would I typically split proceeds after project is approved, then improved and if we do the final stage of actually building.thanks

I have customers who need realtors and they have customers who need home improvement.

I have clients that are interested in investing in units (residential as well as commercial) as well as buying, improving, and then selling residential properties.

We built our primary residence about 8 years ago for $500K...we did the bare bones, so we re-fi'ed several times making improvements over the 8 years, ending up with the 600K balance.2.

He's a high school coach and he uses players who need to improve their grades whenever a subcontractor quits.

AGREED-UPON means that we APPROVE repairs, decorations, alterations or other improvements.