Quote from @Jonathan Chan: If you're interested in adding real estate lends as another tool in your toolbox, these are the steps I've learned you should take to vet your borrower before looking at any of their opportunities!

When analyzing potential investment opportunities, one thing you can't afford to overlook is projecting those sweet returns.

Hey Tyler,This sounds like an interesting opportunity!

Definitely lean into the local market knowledge and opportunities you’ve got with your short-term rentals, too.

I agree local institutions are a good starting point for financing needs like this, but I'd expect the bankers will be unfamiliar with the STR opportunities in the market.

Small banks are the dream so you found a good opportunity.

Hi AllI have• 102-Unit Multifamily Redevelopment Opportunity Just East of Downtown Phoenix• Plans Are Approved & Project Can Be Delivered“Shovel Ready” to Allow for a Turn-Key Redevelopment ProjectOffering Price: $4,750,0002.08 Acres | 90,605 LSF$133.08/SFTotal Planned Units: 102Year Built: 1953Does anyone have interest ?

@Kathy Diamond I'm not sure how to find that info but I know Memphis has ample of opportunities that meet the 1% rule

As someone in the game for more than 30 years, there are cities I have always been interested in, but have no interest in a one-off for myself so this is a great opportunity to get exposure in a market without any of the operational pain.4.

Anecdotally, from searching Wake County (WC) NC records, defaults remain at near all-time lows, and I see this market (foreclosure/pre-foreclosure) as an opportunity not worth pursuing.