I also want to avoid FHA or conventional rehab loans due to negative experiences I’ve heard.I’m considering two options and would appreciate input:1) Physician Mortgage LoanNo down payment or PMIRequires AC and flooring to be installed before closing ($44K)Would ask the seller to cover these costs and adjust the priceDrawback: flooring will likely need to be redone during renovation, creating inefficienciesPlan: fund the rest through personal loans and cash over 2–3 years2) Hard Money LoanFinance both purchase and renovations up frontComplete renovation in 6 months and enjoy the home fullyOption to buy AS-IS with no additional work needed before closingPlan: refinance after renovations to pay off the HMLLet me know your thoughts or if there's a better route I’m overlooking.

I currently work with clients who purchase homes to renovate and resell.

Hello all, I wanted to share a story from a project I completed, which was my largest to date.

Great location townhome, the HOA takes care of the exterior, only needed to renovate interior.

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.

Picked up this great location townhome where the HOA takes care of the exterior, so only needed to renovate the interior.

I went into it with the plan to keep acquiring and growing there because the numbers are pretty good, but in the year since we bought those 2, fixed up (some of it significant ish capex), rent and been stable (no issues or anythign with the tenants), the projects im partnered in in a different state have really been taking off and we have great momentum there.Based on that, it doesn't make sense to continue to try to grow here since I don't have the capital to do both, so now I have 2 properties in a separate LLC with no immediate plans to keep growing. 

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

I have a few questions really pertaining this BRRRR project.

@Stephanie Heron Weeber The Builders Risk policy is the correct coverage for this project.