Many months of rates moving at most a few basis points a week morphed into dramatic, massive movements—with bigger changes sometimes happening in one day than had occurred in quarters or years prior.Real estate investors navigating the challenging market of 2024—with mortgage rates still at elevated levels—are at an advantage when they can lock in financing terms or plan purchases while DSCR loan rates are favorable.

There is more inventory but still an elevated demand for both affordable and luxury vacation rental eligible prime homes. 

They are well capitalized and qualified but preferred to minimize their overall risk and minimize out of pockets contribution while rates are elevated. 

Their elevators ?

Many months of rates moving at most a few basis points a week morphed into dramatic, massive movements—with bigger changes sometimes happening in one day than had occurred in quarters or years prior.Real estate investors navigating the challenging market of 2024—with mortgage rates still at elevated levels—are at an advantage when they can lock in financing terms or plan purchases while DSCR loan rates are favorable.

Selling can make sense at times, but definitely not in this rate & elevated value environment.

The condo doesn't have an elevator, but the other amenities are listed below:Amenities included: Common Grounds, Fitness Center, Gated, Reserved/Assigned ParkingServices included: Common Area Maintenance, Maintenance Structure, Insurance, Management, Pool(s), Recreation Facility, Reserve Funds, Snow Removal, Trash, Water, High Speed InternetThanks in advance for any advice!

BUT NOW, city adopted FEMA's new requirements for "NO RISE CERTIFICATES" and "FLOOD ELEVATION CERTIFICATES".

Self Storage Project Worksheet Drive up StorageNotes:Land$499,00032.78 acresSurvey$7,000Site, elevation and building layoutFence$5,000Black chainlinkGate system$50,000Automated rolling 20ftEngineerif needed; $30,000 to $60,000Dirt work$100,000Slight roll, no dirt brought on siteBuilding demoif needed, $15,000 to $60,000Electrical- site$70,000building lighting and office if needed, LED.Electric polesif needed; $2,000 per pole.

I recommend building your elevator pitch (30 seconds or less), your uber presentation (five minutes), and your listing presentation (up to 30 minutes with supporting materials).