This can be a game-changer for fix-and-flips, buy-and-hold investments, or new development projects.For lenders, it can mean earning higher returns, often in the range of 8-12%, backed by the property itself.

Have you heard of Singh Development Company or dealt with them?

When analyzing your offer, make sure to factor in operating expenses, rehab costs, and vacancy rates.

Currently living in Los Angeles but I visited San Antonio for the first time in many years, and it definitely seems much more lively and developing than many other places I’ve been to.

As a former planning board member as well as having done a lot of development both residentially and commercially - I agree with JD.

The size of your rental operation is one of the factors in this determination. 

Will you be developing single family homes or multi family on these lots?

Lots of major developments going on over there with the new Honda Plant, airforce museum, and University of Dayton. 

Branson’s ongoing development also offers strong potential for appreciation.

It's crucial to evaluate how the deal performs with the new mortgage:Updated Financials After Refinancing: Market Value: $459,000 Mortgage Amount (80% LTV): $367,200 Equity: $91,800 Interest Rate: 5% (30-Year Amortization) Assuming after 12months the rate will drop to 5%Monthly Expenses: Mortgage Payment (5% Interest): $1,971 (Now you are paying interest and principals) Property Tax: $260 (assuming has been increased with a 4% from last year) Utilities: $361 Insurance: $104 (+4% Adjustment) Vacancy: $166 (now after 12 months we can assume we have some vacancy at 5% factor on annual rent) Repairs & Maintenance: $166 (now after 12 months we can assume we have repairs at 5% factor on annual rent) Total Monthly Expenses: $3,028Rent Income after 12 months assuming annual rent increase at 5% : $3,323Cash Flow: $295$ per month 😊Long-Term Gains: $5,418 Principal Paydown year 2 (this will increase each as you pay off your mortgage $36,720 Property Appreciation (assuming 8% per year) $3,540 Cash Flow (this will increase as rents rise)Total Annual Return on Investment: $45,678 with just $ $22,789 remaining in the deal.