Let me know if you plan to make it so I can let the owner know and he can make sure they are properly prepared.

If you don’t plan to sell the lots w/mobile homes is there a reason you have to split the lot?

We’ve just finished our 2025 planning meetings for our six largest projects, and it’s been an interesting process. 

I have two apartment buildings and am currently spending time looking at warehouses.

With the current mortgage rate constraints affecting how many buyers are willing to enter the market we are seeing a lot of borrowers have success with the BRRRR strategy with plans to sell in the next 3-5 years when interest rates go down.Researching potential LTR and STR rental amounts and seeing if holding for a few years is a viable option is a good analysis to do well. 

So, I'd like to get ahead of the game and start working up a plan and a strong argument for it which I can use when the time comes. 

During the partnership, you can jointly manage the property, increase its value, negotiate a flexible repayment plan with the seller that allows for larger payments after the property appreciates, ensure a written agreement that clearly specifies repayment terms and timeframes and refinance, and the sellers are able to 1031 at their leisure? 

If I can help with questions, would love to hear what you’re focused on or planning!

They are planning the factory as I type.

The HML covered 100% of the $32,500 rehab budget through drawbacks.Refinance: Post-rehab, I refinanced into a primary mortgage, creating 25.5% equity in the property.Future Financing: I plan to leverage the property with a HELOC to access up to $86,000 in capital for future deals.