😳This is caused by a combination of buyers not being able to afford to buy with interest rates back up above 7%, and seller’s not wanting to budge on their sale price...a standoff.My guess is 2025 will likely be just like 2024 and 2023 if rates stay above 6%....

I’m going to pull some solid comps to back up the $130K valuation and push back on the report.

Very simple - tell them to call me if they can't figure it out.I would not tell the tenant what I was doing and if it was ever discovered that I had done it - I would explain that I did it as a standard safeguarding of my property - in case the original thermostat should ever fail while no one was there to monitor the space temperature - the backup thermostat would save us all from freezing damage.

They're about $2K, but in-unit W/D is the most requested item I hear.4 burner gas top should be OK.

Overall I think nationwide it’s getting very tough to get into the STR space and make money and the fact that a municipality can tank your business at any time calls for a strong back up plan from the start!

Posting this here in hopes that other sub to 'sellers' see this and take action against these predators. ”getting it out of this sub to agreement that is probably not enforceable in most jurisdictions”“It is fairly easy to prove that the sleazy and less experienced sub to people had ill intent”Can you sight specific legal cases that back up the above assertions?  

That may not apply to you, as a financial professional, but I thought I would share the story.Obiously you could re-lever your portfolio to bring the ROE back up, but then you have to place those borrowed funds somewhere that nets a high enough return that the portfolio is ahead, given the drag of the interest and any transaction fees.    

My advice on sub to is as follows1- COMPLETELY understand the process, implications, liabilities, and possible outcomes before engaging or attempting to engage in a sub to transaction2- Complete disclosure going so far as making sure the other part understands the transaction and possible consequences3- Utilization of an attorney experienced in subject to transactions for setup in such a way that provides some protections in case of default or in case the note is called4- Have a backup plan in case the note is called5 - only use for property that has a TRUE positive cash flow unless the buyer has substantial reserves I myself have purchased 8 properties subject to, but 5 of those were commercial properties which often have notes where a subject to is allowable.  

Additionally, I don't know if it's because I use a Mac but on the website when I scroll down on the main page, I can't scroll back up to the very top to click back on the "menu" or "settings" and instead have to navigate the less convenient side bar.

I don't see much data to back up these wild claims in the article.