You will still have to spend significant dollars getting it entitled and should have proceeds for that.

Thats the line of thinking I was going down.In my number crunching, I plug into my spreadsheet a cost that is mid way between asking and my best estimate on ACTUAL cashflow value.

I recently received renewal paperwork for 2024/25, shockingly the premium decreased a few dollars. 

@Alec Barnes one of the problems with communication is the different expectations.Agents and consumers all think PMCs should be available 24/7.NOT POSSIBLE for the relatively small monthly fees owners pay PMCs versus the thousands of dollars of commissions agents get per transaction.So, while agents may answer their phones 24/7, most PMCs do not.

We even bought the same package for our Logan square property.In the first 3 months i made $175 dollars from 4 units.

The risks are:- non payment by buyer and must foreclose- lender calls the note dueThe answer to the 1st is to make sure there is a good down payment so dollar wise this does not harm seller.The answer tot he 2nd is to use a land trust and appear Garn St Germain compliant.Just my 2 centsAlan

Hey Corey -Three things I’d like to highlight are:1) Most lenders will have a leverage cap on doing a portfolio loan versus doing a single asset, so definitely ask the lender(s) that you’re speaking to about this. 2) Be mindful that a portfolio loan will save a decent chunk of change (thousands of dollars) on closing costs, so that can make it worth it. 3) Lenders will also have partial release clauses for paying off individual properties in the portfolio.

From helping a widowed mother get a fresh start for her and her kids, to the MILLIONS of dollars in assistance we acquired for residents to stay current during covid...

They’re actually quite a number of posts similar with large dollar amounts and tons of hypothetical answers from people that don’t have money telling other people how to spend theirs

MARKET rents cover all the payment plus a dollar.