.- No lockup period- Monthly distributions with no fees- 14 years in the business- Over 2,000 loans originated- Stringent lending process with solid approval guidelines- Promises an 8% hands free return- Combines private cash and IRA investors into a pool for loans- Funds are used by real estate investors to buy and rehab distressed properties which are insured and liens have appropriate title insuranceThey have 300+ inventors, closed 2,000+ loans, $550m+, and 0 loser since 2008 when they opened.

We’re financing at roughly 75% LTV with a 20-year amortization and an initial construction period at 7.75% interest, dropping to 6.63% once we transition into permanent financing. 

Spending $50K over budget upfront could break the BRRRR math.If leaving $50K in the deal significantly reduces your cash-out refi or increases your payback period, that defeats the BRRRR strategy.

@Mary Jay @William Whitley I dont believe that you can use the exclusion because it is passed the time period.

But the hold period needs to be long and you need to underwrite higher taxes and slower rent growth early on.Pilsen (Option 2):More stable demand, more character, and—importantly—less supply risk.

Have them carry back a note for a certain period of time (even one year might be enough). 

A separate NJ trial continues to get delayed by Weinstein. 

Tried to refi but they’re saying a bunch of things now like—I need to own it a period of time, what if I owe people for the repairs, what if this and that—how do they justify its value and so on.

He would then obtain a limited non exclusive listing agreement for a short period of time.  

Short-term private money specifically for the “gap period.”Not long-term lenders, just 60–120 day bridge capital.Structure it as:• interest-only• no points• paid back at refi• secured by a second lien on the BRRRR you're finishingInvestors love it because their money isn’t tied up long.2.