Structure payments around verified milestones and always get photo/video documentation before releasing funds.4.

You know when I started looking at the videos and seeing success stories.

Hey everyone,I’ve been looking into alternative financing models that are structured around profit-sharing instead of interest — similar to partnership or markup-based loans.Has anyone here tried this type of interest-free or profit-based financing for a property purchase or investment?

Feel free to reach out if you need anything.

@Andrew Foster some decent advice here, but also some feedback from those who really don't have enough info to support their perspective.Many DIY investors price repairs on materials only and forget about labor as they do their own work.We're a PMC in Metro Detroit, but here's how our process would work:1) MoveOut Video & Pics used to create Scope Of Work (SOW)2) SOW broken down into Priority Categories:- Health & Safety- Government Required (municipality/S8 inspection requirements)- Property Preservation- Marketing Impact / Tenant Retention- Miscellaneous3) Bids obtained if we feel work will exceed Owner Approval Threshold4) Bid sent & discussed with owner to, "redline to their budget"5) Work begins once owner approves & funds6) Completion video/pics providedOf course, while this is going on our Marketing Dept would be doing a rental analysis & ad, and discussing with owner.

Budget conservatively, and always add a buffer for surprises.Get referrals for your contractor and build your team early: agent, GC, lender, and possibly a project manager if your brother can’t be full-time on-site.Feel free to reach out if you need any help.

There are plenty of templates and youtube videos to help give a ballpark.

You can still do a cost segregation study, but your eligible basis would be reduced to account for personal use before conversion.I actually sent you a DM with a video resource that breaks down how cost segregation and Qualified Improvement Property rules apply when converting a primary to an STR, it should make the timing part much clearer.Good luck with the transition, and happy to connect!

And townhomes in Raleigh are a real great way to get in lower price point, easy to rent, and they are often newer and get you into hotter markets for apprec.Happy to share some local insights and connect you with a few folks, feel free to PM!

I’m gonna start filming the entire process of me building this duplex in downtown Raleigh and will start posting videos for anybody who is interested in seeing the entire process.