The improvements boosted its market value, leading to a successful sale at $65,000 on 8/21/2024, showcasing our strategic approach and effective project execution.

This could reduce what’s available for future years, potentially leading to higher taxable income in 2024 and beyond.

Additionally, if the borrower faces financial difficulties, they’re more likely to prioritize payments on the first mortgage to avoid foreclosure, which could lead to missed payments on the second loan.

@Alex Silang Yes, lenders typically consider Short-Term Rentals (STRs) riskier than Long-Term Rentals (LTRs) due to income variability, which leads to higher interest rates.

The REIT’s would bring a lot of diversification across several RE classes and both US and global RE markets.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

Why pay $20k when you can join a local REIA for a fraction of the cost and meet with wholesalers / realtors to funnel tons of leads your way?

Just sold one and have two under contract that will go on the market soon.Novations is allowing us to monetize more leads by presenting an offer that is better suited for someone not desperate to sell but who wants a guaranteed net price.

You can learn to do this independently or get a rockstar REALTOR to lead the way.

Think about it, anyone who wants to sit through some lead paint classes and pay the $100 filing fee can get a GC license.