@Troy WelchFirst thing you should have done when the BK was filed was engage a BK attorney.

It provides more engagement between you and your client. 

In the end we let our owners decide if they want to increase or decrease the agent commission that found a tenant.

To invest in Richmond, join REIAs, engage on social media, attend events, learn from resources, connect with agents, explore neighborhoods, and connect with professionals for appreciation, rental demand, and strong cash flow.Good Luck!

Hopefully you’ve increased rents and your above expectations. 

Here is the pro forma financials for the property……………they assume 150% occupancy and a 150% rent increase 9.

There are many other angles also you can take to both increase profit, reduce risk, etc.

However if you are looking for options without points then you would either want to consider taking a higher rate or increasing the term of the prepayment penalty. 

I would discuss financials on this if you choose to come see the pre-rehab on Dec 1 (I have made a lot of money (close to 7 digits after this rehab is done in ~2 months) but due to not executing a cash out refi (due to the rate increases) my return is below my underwriting).

I use the Bureau of Statistics to find figures for job growth and population increase.