And the beauty of it all is that they donot provide any transparency if the repair actually came from the tenant !

It is a highly competitive market at the moment and the truly well performing STRs seem to be the large, expensive properties that are themed with a lot of amenities. 

Milena, the beauty of private money loans is that you can negotiate whatever terms make sense for you and the partner.   

As long as your comfortable with your numbers and the sustainability of your cash flow there's nothing wrong with higher equity to get that cash flow.Or the other way with 2 smaller properties like @Peter Mckernan said.That's the beauty of the 1031. 

If it's solid wood, it can be sanded numerous times.....a recent rehab where the floor was thrashed got 3 heavy re-sands, ended up being one of the most beautiful floors anyone had ever seen.Also, I would look at jacking up the center floor a bit while you're at it.

At the moment I am in Miami visiting my daughter but on the 18th I’ll be visiting my son in Dallas, where my wife and I would like to continue our RE investing in flipping houses.Thanks a lot.Alejandro

Hi Cayson,We have healthy amount of inventory here in Lubbock, I wouldn't say that there's a housing shortgage at all, in fact we have 3 1/2 months worth of inventory on the market at the moment. 

I recommend you read books or (view You Tube)written by IRA Financial founder,Adam Bergman.The beauty of tax free cash flow of 14%+ ConC and no capital gains taxes ever, far outweigh any lost depreciation deductions.

Im going to flesh out some of my thinking here and excuse if its convoluted as Im also here trying to figure this out in real time....Here goes...I think the spike of sales prices we saw in 2021 were people who were overpaying and not really reflective of the true value at that moment. 

Purchase price: $307,000 Cash invested: $77,000 Nice condo with beautiful wood ceiling and a 22 sqm deck in the heart of Philadelphia!