Hi Trevor, What city in Central MN?

Purchase price: $500,000 Cash invested: $700,000 This is a rehab project.

@Trevor Brouelette yes househacking is worse cash flow but you put significantly less money down (3-5% vs 25%) and you save a ton of money while living there, plus you gain experience and credibility.

Updated Financials below: Sale Price: $131,250Seller Credit: $7,500Net Sale Price: $123,750Total Construction (Labor + Materials): $35,693.37Total Profit: $14,000All In Margin: 12.75% MarginWe are concentrating on higher price point renovation projects moving forward.

I signed my last 3 vertical construction loans yesterday.. that makes 88 loans over the last 3 plus years .My largest single project to date.89 lots  built 88 homes  price points 550 to 1 mil.Semi custom bought the dirt prosecuted the entitlementssecured Horizontal bank loans built in 3 phases.Went vertical and built out all the homes with 80% being pre sales and semi custom.could not have done it without my Wife leading the sales and designing the homes..

I completely agree—it’s incredibly challenging to find an organization willing to fund this type of project.

The layout had potential, the price was right, and I saw an opportunity to bounce back, apply what I’d learned, and finally have a smoother project from start to finish.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $420,000

Cash invested: $55,096

Purchased a distressed single-family home in Antioch, CA, using the BRRRR strategy ...

I located, negotiated, assembled the lending operations, and project managed the deal.

The whole project was quoted at 130k, with the major part to replace electric and wiring, install a AC in machine room. we just got to know from inspector the elevator failed the fire inspection because fire alarm control panel fail to comply with the current code.