I wanted to reach out for additional feedback on a retirement or soft FI strategy I’m helping someone think through.My friend’s dad, who lives in Sacramento, wants to retire but currently doesn’t see a clear path with his 401(k) or other investments.

Several banks offer soft inquiry options, I'd try those out prior to risking the HP.

FINAL NUMBERS:- Projected Costs: $380k ($357k in build cost & $23k in soft costs)- Actual Costs: $389k ($369k in build cost $20k in soft costs)Note: We had very minimal carrying costs because we utilized a CA HELOC with Premier Valley Bank that had a 2.99% introductory interest rate.- Projected Finished Value: $750k- Actual Finish Value: I think between $800-$850k, not sure yet.

Flippers and sellers all across market felt the small reprieve as our market was quite soft through the summer. 

Renovations, such as upgrading common areas, adding amenities, and improving unit interiors, can be costly, so it's crucial to determine the expenses before acquiring the property.Seeking the help of a construction professional is recommended to create a comprehensive budget that includes hard costs (materials, labor), soft costs (architectural and engineering fees), and contingencies for unexpected expenses.

Hi Zach, There are several lenders that only do soft pulls on both long term DSCR and Fix and Flip loans. 

Land $100k (owned free & clear) | Soft Cost $26k (Paid and Covered)  | Build $250k |ARV $460k | Exit: sell on completion

I understand the human factor, you want to have a soft heart and help those in need BUT from a bussiness stand point, you are putting yourself at risk.  

For a fresh and inviting look, consider painting the walls a soft, neutral color like a warm beige or a light gray.

That way, they can give you soft quotes and help identify which programs, rates, and lenders fit best for your scenario.