All Forum Posts by: Michele B.

If you put up the cash and they are doing the work it usually goes 50/50 depending on the rehab/construction.

Commercial loans will require track record. They will have higher interest rates. They allow you buy more than you DTI would allow. Liabilities if done right lower.

Personal loan DTI and personal credit is important.

If you have specific questions tag me and i will answer.

what is on the property now? What will it cost to remove? How big are your pockets?

crowd funding is for lots of small investments.....money doesn't come back fast.

I would love to discuss your needs for a commercial loan. A commercial loan could be better off for your situation. Tag me if you have any questions I could answer about a commercial loan. 

You could look for a angel investor or someone that has experience with buy and hold properties that could give you some advice on the property.   The bottom line is that if you do not make a profit or at least break even it is not a good deal.... If you like I will take a look at your numbers to let you know what I think.Message me or just respond here but tag me so I see it.

You should work on the project as a whole and do trenches for different loans. In other words, figure out the whole process then take to investors.  Ask them to fund each step of the way.  First you need to do the land(Phase 1) utilities/roads, and divisions of the land that would be phase 2. Next would be what it will cost to build the first 4-6 units Phase 3.  Then the next section and finally the last section (those should be phase 4 and 5.) Get financing based on the whole not just on the land. Each on is subject to the one before getting done on time and on budget.  When you get phase 3 done you should be able to pre-sell all the homes for their full price.  This way the last Phases should not need to be funded very much.  

If you get the project up to phase 3 you can also sell the whole project at that point  and move on to another project.  

Tag me if you have any other questions. 

I recommend you use Quick Books. It is one of the easiest ways to start you books.  

You can get videos on the internet on how to set it up and it is not difficult to do so. 

You could do seller financing of the down, you could get a bridge loan, you could do a fix and hold loan, you could get an angel investor, or you could do a wholesale deal.  

Yes they would do that.  My question is why?  You don't need to go hard money any bank would do that.  Please tag me so I can understand why hard money.