You could develop a deep and trusting relationship with a lender only to find they sold your loan to an out-of-state investor who could give a rip about you.Private/Hard Money lending has exploded.

Otherwise it is just like analyzing any other development deal, only there is no demo.

Same exact build in the current faze of the development are going for 303K. 

If you were to start developing where would you lean?

My questions are what tasks are typically completed during a turn and what is the average cost and time to fix up a unit?

The HOA for the development has assured me that I can househack as long as I'm living in the property.

that is curious my only thought is the UPB is actually higher given default rates etc.. or the theory for folks is simply loan to own.equity is so high you take on the risk of low return for the chance to own the asset through DIL  as we know if there is a lot of equity more than likely someone will bid it at courthouse steps and you wont acquire it anyway.we have bought notes for the sole purpose to own the asset mostly properties that could be developed that most note investor simply looking at the notes and zillow etc would not know the HBU of the asset..

I would recommend reading the following books;Millionaire Real Estate Investor by Gary Keller - This book is all about reverse engineering your goal a breaking it down by steps.The E-Myth by Michael Gerber- RE Investing, construction, development, property management, etc. 

Hey @Evanson Michel, I work in business development for a RE company and we may be able to help (not me personally). 


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