Closing four properties in less than a year exceeded my expectations, especially considering my initial hesitations.I am continuously learning about different markets and strategies, and I’m grateful to have gained enough knowledge that others are now seeking my advice.

As a realtor and investor in Cleveland with a mid-term rental (MTR), I’ve gained some key insights from managing my own MTR, and I’d be happy to share my thoughts.

The important points often glossed over are (1) is the buyer providing their personal guarantee to the seller for the note (2) is the seller maintaining a wrap position so they can foreclose in the event of default and gain ownership (3) is the buyer putting up additional collateral (4) how large is the down payment (5) what is the LTV (6) is this a personal residence for the seller or investment property (7) will the property cash flow and if so what will the cash flow be (8) is the property in a increasing, declining, or stabilized area (9) is the property being sold at market value, or above market value because of the low interest rate of the existing mortgage and (10) how experienced and what is the track record of the buyer, and is the buyer purchasing a property for investment or to live in or otherwise use.  

Your insurer gains a better understanding of your entire risk profile, which can result in more tailored coverage.

And those deals turned out to be huge equity gains 10 years later for sure. 

I pay attention more to what off-market opportunities say than worrying about what I say.

Most of them have appreciated by over 35% in the last four years, providing us with solid equity gains.

Please also pay attention to requirments for posting notices and registration because if you into a sticky scenario this can impact the outcome in court. 

Does this also mean “selling” the property to the LLC and paying capital gains tax?

Mine is heavier towards real estate due to gains of the past few years.