⬇️#AffordableHousing #HousingSolutions #Jacksonville #LegalVictory #PadSplit no one wants to live in these you'd be better off building extended stay with 250 sq ft rooms 

Also listen to them if it is difficult to get financing...they're telling you that your math may be off.

Refinancing isn’t an option yet because of the way we purchased it (unless someone has a bank that will look at the deal differently) our original plan was to pay off our balloon in early 2027 when it is due which the bank will treat as a purchase and then we would wait until we are able to refinance so probably 2028 and then we could pull out a good chunk of equity at that time.

Simply put, we start off with the As Repaired/Completed Value (ARV), then subtract from that number a reasonable profit, the rehab cost (scope of work), which we've gotten good at, a contingency reserve for any "unexpecteds", our cost of capital/carrying costs (interest and costs of the leverage used), and our costs/fees on the buy and sell sides of a flip.

Since then I have located the area where they entered and sealed it off, however I'm having trouble killing the ones currently living in the attic.

My question is how can someone be so far off on value and continue to keep their job? 

As you know, marketing and price are both very important, and vacancy will significantly impact your income, so you are almost always better off charging a lower price and getting it filled with a good tenant.  

I am interested in paying off my loan balance on my Primary house ASAP as I pay a pretty heavy Mortgage every month.

It's properly leveraging (not over leveraging) the asset that pays off.  

The price we thought was very reasonable in this current market based off the other properties we have seen prior to that with similar layouts.