Tough screening and letting your tenant know you don't f around.

Duplex appraised 380 (super ****ing low ball) brings in an estimated 3,900 a month in rents. buyer agreed and SIGNED addendum to purchase at 397,500. day of closing they dont show, tell us they didnt know what they agreed to pay over appraised value and are trying to get us to accept 386k. my agent had me lock in our month to month long term tenant to a year lease for THEIR lender and now they pull this.. they have only 5k in escrow account.. my agent wont reduce his commission from 3%-2% to help bridge the gap. suggestions?? 

Quote from @Colleen F.: @Jillyan MacMorris  I have had several LGs  fail so I avoid them.  

9) adding multiple ADUs or adding an ADU to a quad looses F/F conventional financing.

@Jill F.

@Adam F.

This entire conversation in my opinion comes into play for a group or entity that may have 50-100 STR's where the branding will matter more but to be honest from what we have seen when they get that large they usually have lack luster service and subpar reviews- in the end someone that is 1031'ing mostly cares about that cash flow at that level and that's why and mostly only why they care about buying a brand. 1-15 units and a brand is nice but in my opinion wont break a deal- we are trying to do it but in the end its more for our guests to have a simple streamlined way to book with us.

Quote from @Colleen F.: @Weronika Jedrak  I don't reach out to unmatched leads unless it is for dates and we are pretty close, others always do.

would love to connect you f you're still n the process!!

Quote from @Colleen F.: @Felicia Richardson  just go without and see how it goes.