If you are buying a turn key and do not expect to take cash out for a few years just gauge that on your prepayment penalty years.Rates vary depending on credit scores, LTV, DSCR ratio, Loan amount, Property type, number of units.Good news is rates have been dropping so DSCR may not be a bad option if you buy and simply refinance in 12-24 months.

You should not hold on to something you hate simply out of fear of the unknown.

As of now, many potential sites were either identified by broker/developer or too expensive to acquire.

If you are using their money for a down payment, are you really planning on renting it to them in a traditional sense or simply having them pay for the mortgage, insurance, taxes, etc (ie you won't be renting it at market value more you are buying the home for them and they are making all of the payments and repairs?

Feel free to simply vote; or, explain your selection.

I just don't understand how a cash out refinance works and what the benefits would be for it as opposed to simply purchasing the home and renting it out without doing the reno and refinance part of it.

– Is it simply an apartment with a studio, or is it a designation that requires a formal process, such as registering as an artist?

Hey Austin, Before trying to wholesale, you have to fully understand what makes a property a good deal for an investor (flipper or holder) to be able to reverse-engineer the process and come up with your MAO.Network with flippers in your area and simply ask what they’re looking for in a flip.

We bought less in 2022 than ever before simply because the numbers did not work.

At my company, Showplace, we've identified several key strategies that significantly impact vacation rental success after setting up over 800 homes in the last 3 years:Thoughtful Design and Amenities: Creating a unique and inviting atmosphere tailored to your target audience can make a significant difference.