Are you then able to leverage the equity for construction loans at least?

This is based on an ARV of $950,000.00, a rehab budget of $123,000.00, and holding costs of $12,000.00.Financial BreakdownPurchase CostsTOTAL REPAIRS:$123,000.00Return on Investment for Flip*(Based on no loans or leverage)12.25%IMMEDIATE49.67%ANNUALIZED

85/15 traditional 15-year loan with local bank How did you add value to the deal?

I will be using a hard money loan and once the property is rehabbed and tenanted, will refi with long term financing.

Is there usually a standard amount of years the loan is held?

Absolutely, but few banks will loan on a park with no infill plan so that moves your capital from the development side to the MH acquisitions side. 

He wants to earn the interest over the term of the loan. 

Hello, We are currently a LLC with multiple properties and we have been running into walks with trying to obtain loans or refi.

I was wondering if this will affect me negatively when applying for a job and if I’m better off staying self employed until I find a property and my loan is squared away.

If they keep the loan in house, they sometimes will loan a higher amount.