We are now shovel ready, ready to move along to the next process. Leading up to this point was difficult because we have had challenges through design, planning, demo sign offs to get the land prepared. Now that we are signing off our demo we are ready to go out for our construction loan for the new dev. Construction loans are single handed the hardest part of any deal. (THE HARDEST). We need to in front of several banks and the committee present this as if they were investing with us and go through a full gut check. When negotiating the loan with the bank make sure you implement the floor and ceiling of the terms so you don’t get burned when rates start to climb, and don’t miss out when the lower. All of these need to be pre negotiated prior to signing up with any banks. My part (2) to this video will be extremely detailed. #shovel #ready #CONSTRUCTION #Real#Estate #Development #loan #banks # #Investment #Demo #Planning #condo #process #guidance #stragey #new #dev #NBA #NHL #NFL #FIFA #MLB #BOXING #concrete #money #ROI #game #on #beastmode

$99,000 total which is an extremely aggressive deal! Site connection and cross connection (SD1/2) is the absolutely most hardest and crucial part of all approvals. The reason why it’s so important is because there are 7-10 more inspections that depend on the one step alone. The time frame can take between 2-8 weeks and most be done substantially quicker then most phases so you can achieve testing all items. Washer and dryers as well as dish washer all faucets and sprinkler systems. Part of being a successful developer is not only staying on top of your contractor but staying on top of the subs. Making sure the process is being done correctly and all paperwork is moving along otherwise you can catch delays which will result in major losses in the over part of the project Stay tuned almost done with our final product and we will launch a MEGA party when completed. 3 weeks to finish. #realestate #newdevelopment #condo #construction #water #main #sewer #finishes #building #investment #planning #strategy #insights #game #insights #NFL #NBA #FIFA #NHL #BOXING #MLB #info #listen #share #follow