The goal is for them to prove a track record of payments and leverage that to refinance with a traditional lender into a lower rate.

during the 2000s before the crash we got up to about 3 mil a month in lower balance high profit loans and were between 30 to 40 mil out.. we originated all our own loans.. do not trust brokers all my worst deals came from them.. this took about 12 people..

I will continue to do my research and try to find a CPA that handles Texas and has a lower minimum I think.

On paper that is a pretty darn good ROI but I’ve found when dealing with lower rent numbers the profits dwindle quickly especially when the PM has so much loose leash.  

Riskier assets are lower percentages.

Does anyone have experience with that kind of transaction?

While I’ve completed six transactions, I now primarily use my license for referrals rather than active practice.

Summit county (Akron) has a much lower sales tax rate (6.75%) than Cleveland (Cuyahoga at 8%).The MLS in Akron shows homes at similar if not cheaper homes but for a good reason.

A balanced market typically has around 6 months of inventory, so anything lower suggests a seller’s market with limited inventory.🎆 Las Vegas Rings in 2025 with a Bang!"

Ideally, no more than 5% over median and no lower than 15% under median.