Many companies charge lower initial fees which makes it easier to attract new owners but then charge inspection fees, after hours fees, fees for additional services etc.

They will try to cut the FED prime rate, increase tariffs, and shake up global trade.

Hopefully you’ve increased rents and your above expectations. 

Before the pandemic, Magnolia alone (not including Baylor University or any other Waco attractions) was drawing in 10,000 tourists a week to Waco and a total of 1 million tourists a year.

Here is the pro forma financials for the property……………they assume 150% occupancy and a 150% rent increase 9.

However if you are looking for options without points then you would either want to consider taking a higher rate or increasing the term of the prepayment penalty. 

The property surrounded by a number of restaurants, and attractions.

Quote from @Jay Hinrichs: And or the social media darlings who can attract all these investors who are lulled into thinking these folks have to much to lose to let MY project go under.

I would discuss financials on this if you choose to come see the pre-rehab on Dec 1 (I have made a lot of money (close to 7 digits after this rehab is done in ~2 months) but due to not executing a cash out refi (due to the rate increases) my return is below my underwriting).

Another option is to have him seller finance at a rate and term attractive enough for him to offset the capital gain.