When you raise in a pool interest starts at a certain date and you have to be very careful of drag on the money IE payoffs with no new fundings.. but still owe the investors their return.. this sunk a lot of funds during the GFC..

There are no more new large projects started.

I would be surprised if borrowers could meet the experience criteria, its terms that are real and available but reserved for elite rehabbers with a lot of completed projects.Typically, 15% - 35% of the purchase price (or total project cost depending on the lender) will have to be brought to the table by investor in order to close.Once the loan is closed it works like a construction loan.

Starting one from the ground up, or buy an existing property that is for sale?

i think you had posted in another thread about starting out of state, and i'm curious where you chose.are you talking to lenders already? 

On one side, there's a 5-bedroom, 3-bath home spanning 2,105 sqft (total lot: 0.40 acre), valued at approximately $341K.

If the rental is in town, maybe start looking on Craigslist, FB Marketplace and OfferUP for quality used furniture to have as backups?

Am I missing something or does anyone have advice for someone considering starting on a bigger investment?

I think we need to know more about your goals to start.

Hi, Akshay Bhaskaran, I'm interested in start doing the BRRR method in the Austin and San Antonio area, I would love to connect and learn from you.