Streamline your communication process to secure quality tenants.Focus on QualityThe condition of your property matters more now than ever.

Conducting inspections and due diligence on the condition of a property to derive realistic estimates for repairs is still the key.

What questions should I ask to understand the property’s condition and the heir’s willingness to sell?

What makes you an expert that the unit is in a great location & condition and the market is hot, relative to the property manager?

Seller financing: Note for $1,350,000.00  - 7% amortized over 30 years with balloon payment after 7 years, interest only. ( I am trying to get the first year at 6% to stabilize then go to 7% remaining 6 years)Property Condition: Above average.

The December 2024 report from the Austin Board of REALTORS® (ABoR) shows stable housing prices and balanced market conditions in the Austin metro as we reached year’s end.

Assuming this is a clean file, with no exceptions required, most Underwriters take anywhere from 48-72 hours to review a loan and get CTC, or provide further conditions. 

.- If you're handy, recommend buying a property in the worst condition you can tolerate.

Although I conducted a basic septic inspection during the closing, and the system is in good working condition, it still failed the STR inspection.

The property is in great condition and we got it at a great price!