-Seller Expectations: Ensure the seller knows and understands what to expect regarding terms and timeline-many sellers are unfamiliar with seller financing.

Recently, I conducted a cost segregation study on the property shortly after converting to a STR (converted June 1 2024), and I want to ensure I file my taxes correctly and legally given this change in circumstances.

Off-market deals give you control over pricing, terms, and creative financing options.

@Nate McCarthyGreat way to get creative!

Many agents won’t analyze your numbers for you, so it’s essential to be creative and understand how to add value to a property or land.

Their role is crucial in maintaining liquidity in the housing market, ensuring banks have enough capital to keep lending to homebuyers and investors.

I also want to hear from those of you who have transitioned out of a full time job by doing out of state investments/creative finance - how long did it take you to transition out?

Final Thoughts In my 27 years of practice, I’ve encountered fewer than 20 cases of loan acceleration, and most involved creative financing or FHA loans.

Aggressive pricing is necessary to achieve this, so it's important to ensure the property is realistically priced in line with market standards, which often is not necessarily what you're hoping to sell for. 

Eventually, we transitioned the unit to a long-term rental, ensuring consistent cash flow while retaining the property in our portfolio.