All Forum Posts by: Bailey Fait

Saar, I have some friends that are developers in your area and I also own a construction management business where I operate the project for the developer allowing them to either continue to be hands on with all the support, or go back to acquisition/ops mode. Let me know if you want to connect

Theodor, Sounds like a great opportunity. There are some other structures you can work with on with your GC, but I will definitely say that the money and time is made in the pre-construction. You don't want to be in a position when you break ground that creates a change order frenzy or a non cohesive team. Do you have a construction management team assisting with the build?

Looking for options to assist with a home purchase. Approved for the max allowable conventional loan, but looking for ways to fund the DP. The scenario is for a home listed at 1,095,000 with the ARV being at or around 1.4-1.5. Given the PP is 75-80% of the ARV, are there lending options to fund the full purchase? Would that only be a HML? Or would the better of the options be to secure private money at $50k for 3-6 months to fund the DP?

I was close, but not close enough to fund the down payment. The reno to get to the ARV was simple, but I had budgeted $70k conservatively. I would be performing the work myself and essentially doing a BRRR on the home. Plan for funding the reno was through my W2, cash I didn't use on the down payment and a business CC with 1 year zero interest.

Thanks for reading! First time trying to purchase a home without funding myself. (401k loan N/A, HELOC on investment prop N/A)

I'm having the same issue and customer support is miserable. They told me to use a family member to try again. Wife was locked out of it as well!