I signed my last 3 vertical construction loans yesterday.. that makes 88 loans over the last 3 plus years .My largest single project to date.89 lots  built 88 homes  price points 550 to 1 mil.Semi custom bought the dirt prosecuted the entitlementssecured Horizontal bank loans built in 3 phases.Went vertical and built out all the homes with 80% being pre sales and semi custom.could not have done it without my Wife leading the sales and designing the homes..

Updated Financials below: Sale Price: $131,250Seller Credit: $7,500Net Sale Price: $123,750Total Construction (Labor + Materials): $35,693.37Total Profit: $14,000All In Margin: 12.75% MarginWe are concentrating on higher price point renovation projects moving forward.

I have basic familiarity with some of the terms and am educating myself on the processes and procedures.

Start with the basics—clean contact import, a simple pipeline, and daily usage.

Basic refreshes to the fixtures, appliances, etc.

Rtp nova project - all principal at risk (failed project)?

However, once you've got the basic down, let me know if you want to discuss strategies and approaches or if you're considering a deal you want another set of eyes on.  

We are leaning towards a refi and just HELOC out the funds (our original downpayment) if we need money for the next project. 

In older homes requiring significant demo and repair for duct installation, costs could be even higher.Basement Suite Conversion: $10,000 for a new kitchen and bedroom is likely an underestimate, with basic kitchenette installation averaging $15,750, and adding a bedroom can add significantly more.Appliances: $7,000 might be acceptable for basic appliances, but higher-end options will push the cost up.

Hey BiggerPockets community!
I recently came into control of two debt-free properties in Birmingham that I'm planning to rehab using the BRRRR strategy. Both need complete overhauls/gut renovations.
What I'm looking...