I am finishing up a flip and am being contacted by my GC that he needs final payment funds to complete the project..

I finished my bachelor’s degree in business from Southern Illinois University - Carbondale, Illinois and took my first job out of college with Hunt Construction Group as a field engineer on the $250 million Kansas City Royals baseball stadium project.

In my market, a master bedroom below grade presents what we appraisers call functional depreciation, that is, a design problem.

Our contractor resigned before the project was finished.

He says, on average, his expenses over the years have looked like this:Buying costs are generally 1.5% of the selling price Holding costs (utilities, taxes, etc) are usually 1.5% of the selling priceSelling costs are generally 6.5% of the eventual selling price, after repairsHe projects the months required for rehab work (holding time) with the following formula: Rehab cost per square foot, divided by 10 + 2.5 months to market & sell Do you guys think these numbers are accurate?

unfortunately your best best on this one is the "preferred" lender in the community, since that lender has internally accepted the project up to a certain % of units.

By cutting time we cut overhead which allows us to charge less per sq/ft and put more ROI in our Investors pocket which in turn keeps them coming back and reinvesting in new projects.

We've found some projects that could be turned around quickly since they are condos that only need minor work.

We worked on several projects for KB Homes, Lennar, Standard Pacific, and smaller players like Brehm Communities.

I mean some that actually care to buy real estate, and keep it an on going project knows what holding on to real estate means.