We hired and Architect for rehabbing our multi unit property in North Jersey  . We paid him in full and then some. My contractor says the plumbing drawing should show different plumbing lines going to different units ...

Hey everyoneI have a noobie question I was hoping the group could help out with. I'm doing my first construction loan for a rehab project and gave the first draw to the borrower. Draw was based on invoices and receipt...

Hey Guys and Girls,

I have been having issues with the draws from my hard money lender. My draw request was monday of last week property was inspected Thursday of last week and submitted to the lender Friday of las...

New to accounting for FLIPS. 
Right now I have all expenses (utilities, material, labor, interest loan payments, insurance) posting to the WIP account. 
Should I be posting construction loan draws to the WIP account...

I am about to manage a complete rehab on a SFH and have been given authority to project manage the construction portion of the loan. The budget is set at about $35k and there are 6 draws. I will be using a myriad of c...

Hey there BP!I need some advice on how construction loans "typically" work.I am working with a private lender on a construction note., now this is not a typically loan that this individual provides, but he is willing ...

I currently have an opportunity that will need around 15k in rehab but I do not have the cash. It seems the best way to get this deal done is through a 203k loan.

Question#1 Would you recommend a 203k loan fo...

Hi Guys,I am currently in the process of doing Rehabs on my 2 single-family homes around Philly. I had a bad incident where a contractor ran away in the middle of the construction and I have hired a new company who is...

Good afternoon,I am in the process of purchasing a home which requires a rehab/repair budget.  The lender will be doing a holdback of the budgeted amount, and I am curious as to how this process will work in terms of ...

Hey I'm in the process of flipping my first house and I have a hard money lender loan. I did not realize that you don't get your draw until after a part of your project is completed for example you get your demo draw ...