We’re open to separating the design from the builder, but also spoke to a couple builders that have design in-house.  

You could take an amortization schedule and guess the principle amount and add a couple thousand for legal fees and late payments and try to short pay it to hold off foreclosure.

Couple areas I tend to stay away from in Columbus is Central Hilltop and South Linden. 

I am 18 and looking to buy my first property in a couple months and start my investment portfolio.

Tenants can be married with or without children, unmarried couples, or friends, I don't have any preferences, nor should I.However, I am seeing more and more people who want to rent together but they do not know each other. 

Currently, you can break PMCs down into 3 categories:1) Small mom & pop PMCs: Pros - one call for everything, very hands-onCons - usually very unorganized, which leads to mistakes, if they are sick you have no one to get ahold of2) Medium sized PMCsPros - organized, several backup points of contact, overall better serviceCons - things may take longer as more hands involved, stricter procedures can be frustrating3) Large PMCsPros - more data analysis for better service, more predictable servicesCons - even more hands involved, unique challenges often ignored (no process to handle them)Red flags:- Short agreement that leaves a lot open to interpretation, which usually means to their benefit- Not a lot of details shared about HOW they will execute their services, so no accountability- Tell you not to worry and trust them, when they haven't earned your trust yet- Don't have a website or owner portal- Aren't properly licensedYour biggest challenge will be screening to find a good one!

The nearest neighbor is a couple lots down.

@Colby Hughes a couple things:you don't refinance the HML 'into' the DSCR loan. 

“Good Thesis” for Single Hard Money Loan: Borrower: Experience with multiple flips in target marketBut… doesn’t have more than a handful of flips going on at any one timeFlip is next logical progression:Example: Flipper used to doing SFH in a given market for past several years is doing a slightly larger project, or scaling to do two simultaneously.Example: Flipper used to doing SFH in a given market is not progressing from small fix and flips to a $2M luxury quadplex ground-up development in one jump.Flipping is the borrower’s full-time jobOr, their single side project in an otherwise established careerFlipper does not have 10 other projects going onBorrower has established contractor networkBonus: Has established contractor skillset and licenseBonus: Has deep experience personally remodeling flipsBorrower personally guarantees loan:Has material assets and net worthIs not highly leveragedHas a cash flow positive lifestyleDeal: Close, clear comps support both acquisition and disposition priceProject timeline and rehab plan is detailed and specificBorrower is willing to loan disbursements staged upon completion of clear project milestonesBorrower has procured binding quotes from contractors regarding scope of flipLoan is no higher than 80% loan-to-cost, and 70-75% of Loan-to-ARVBorrower is putting some skin in the game:Borrower’s equity is not just them buying the property at a discountBorrower is committing at least 10% (preferably 20%) of project cost in cash from their own personal accumulationTimeline is as tight as possible:Cosmetic Flip is less than 3-5 monthsMajor Rehab is less than 1 yearScrape and Rebuild is less than 18 monthsLonger timelines = more conservative Debt to Equity

Hey Everyone,Just would like to ask a couple questions.The office building that my business is in - is up for sale.