Lenders see more risk when they cannot easily verify long term residency or credit history, so they protect themselves by asking for bigger down payments, lower leverage, and higher fees.

The difference is usually just stacking filters.

I’m not looking to be greedy, but I also don’t want to undervalue the work I put in.For those of you who’ve done similar partnerships:What’s a reasonable promote or profit split for the person who sourced the deal and ran point on everything, when the partner is funding the entire equity stack?

When numbers detach from construction reality, underwriting reality, and capital stack reality, the conversation should shift from “returns” to “risk.”Before debating upside, I’d want boring answers:Who holds title to the land?

For my clients I have a Tech Stack that I can help manage and get discounts on as well, with a focus on these softwares I am able to make sure they are set up for success and have a consistent process across my clients. 

Are there brokerages worth joining that don't come with monthly brokerage fees? 

Quick checkpoint run your true cash needed to close plus 3 to 6 months of carry and a 10 percent rehab overrun reserve, then make sure your projected profit after interest, points, utilities, insurance, taxes, and realtor fees is still at least 15 to 20 percent of total project cost or you are taking all the risk for free.

HELOC rate is higher, but it’s only on part of the stack, so blended cost still comes out lower.End goal: more cash out, better rates overall.

I have a HOA who is attempting to collect HOA fees for the period when the prior owner owned it.

In my eyes, all of the same diligence is needed in regard to sponsor and deal(s), but add to that prior operations by that sponsor, current financial analysis, current valuations in today's market with very limited trades happening as comps, what the effect of waterfall and fees will have on that position once you take over, etc.