Working through an infill lot opportunity in Spartanburg SC with utilities at street, no HOA, and strong new-build comps in the $260k+ range.For those who work with builders or who wholesale land regularly, how do they typically evaluate:• Lot size• Utility availability• Comps• Dirt condition• Entry priceI shared the full situation in my Classifieds post per BP rules.Just trying to understand how builders in that area run their numbers.

A lot of hard money lenders won’t touch a deal once demo has started because they can’t verify the scope or what’s been done so far, but the ones who do this regularly will just underwrite it as a “rehab in progress.”Here’s your best path:1.

The measure the size of each bedroom and determine the maximum number of warm bodies that can sleep in them.

We regularly add walls to create an additional bedroom, instantly increasing the rent ceiling for Section 8.4.⁠ ⁠

One of our regulars called this morning needing a $40K second to finish off a flip project.

@Jacob BurrJacob, in Medina County and the greater Akron area, crews that regularly handle apartment turn work tend to be the most reliable since they’re already set up for paint, cabinets, flooring, and quick turnovers.

A part of this as an REI is ensuring you have crystal clear financials down to the property level, actually reviewing them regularly, and using them to make better decisions. 

It looks like you are looking for an ongoing mastermind group that might meet in person or on Zoom on a regular basis.

Adding the ability to run sensitivity analyses for ARV, rehab costs, or holding period can help flippers stress-test deals and make the tool valuable for regular use.

You need to do your part by checking in with them regularly, submitting documents they need from you promptly, and keeping your agent in the loop can prevent most delays.You’ll typically work with your agent, lender (and underwriting), appraiser, title/escrow, insurance, inspectors, and sometimes an attorney.