Day 19 Busy as Bees

It's hard to see but there are honey bees in the tree.  Our tree company is planning on relocating them for us!

From our perspective, the best way for us to start this business is with a fix and flip hard money loan.  Our first house had such a big profit margin that the whole project was funded this way.  In that scenerio, the points and closing costs, along with the interest only were all absorbed into the loan and we still made a profit.

For this house, the budget and loan are a little more strict.  If we wanted to put only 5,000 more into the house, the money out of our pockets

Day 19 Progress: On monday we will be 37% done with the house in 21 days!  The hard money lender will come to house and review the work schedule with Brooke and Bill.  If he's satisfied with the progress the lender transfers the next draw into our account.  The draws are divided into 4 parts, the 1st draw you get at closing, the 2nd and 3rd are when the work is 33% done, and the last is when you list it.  Planning the work and payments to the contractors is important when you don't have all the cash upfront.  It is a great way to start building your business.