The assumption process with Carrington mortgage was delayed and as a result the closing took place after the expiration of the payoff order.

One of the largest growing buyer pool demographics is unrelated/unmarried "couples" (that are not dating).

STR a suboptimal option in this market due to restrictive ordinances.Purchase price: $1,260,000 with 11% down @6.75% fixed 30 yrTotal Rehab costs (labor + materials) thus far: -$70,390Cashflow to date (NOT including Rehab Costs above): -$60,237Projected Cashflow: 3.1% with 3 LTR tenants Wanted the group’s expertise on options as I am considering parting ways with this property given the number of leaks that have come up in this relatively young property.1) In 2025, 1031 into another (potentially more units) multifamily at least 20 years old.2) Investigate leaks/Stabilize and proceed with original plan as LTR and accept uncertainty related to potential future leaks.3) Proceed as MTR (hospitals and NYC nearby) so that can intervene on issues during vacancy periods.

One of the worst conditions we've bought properties in recently.
The seller’s sister reached out to us, desperate for help. The owner had been living in these conditions for a long time due to mental health issues.
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Subject-to deal: Cash required: $35k + 295k existing mortgage + 5k in misc = $335k for a 350k 2021 house.Pros202135k needed3% int. rateGood schoolsGood location CONS$145/m in HOACashflow is tightMortgage InfoLast Recording Date 10/6/2021Loan Type CONVENTIONALOriginal Loan Amount $319,105Loan Term 361 MonthsEst.

A LL and tenant have a lease agreement with an agreed upon date.  

Additionally, some tenants have refused to leave the property when their voucher expires, leading to housing court issues.

This reduces errors and ensures that your financial data is accurate and up-to-date.4.

You must honor the existing lease terms until expiration.

Currently all 3 units are rented out and they are close to market rents with leases that all expire March 2025.