And all of these responses are precisely why Hard Money is a joke. 40% down just to get in the door so you can pay 13% interest plus a few points for all the junk fees.

If there are renovations, the GP should precisely follow the renovation plan, demonstrate that higher rents are achievable, and handle any speedbumps that come up along the way.I have been a LP in a syndicated deal that went south due to malfeasance by the property manager.

Also, let's be very precise in stating what this data says...

@Mark S. to be more precise, it's a rider that covers the lost rent due to an insurance covered claim.

To be more precise about this deal, i literally have to put very little money down since the seller is willing to hold the rest of the money after i go for a bank loan.I can't help but wonder if this is "to good to be true"...

It's common for insurance to.cancel precisely for these types of things.

All you speak about are generalities, never once giving precise examples of deals you have done either.

That is precisely what he teaches.  

I compared May-June of 2022 vs May-June (mtd) 2023:Earnings: $3,239 vs $3,343 (or $1,619/month vs $1,672/month)Average number of nights per stay: 3.2 vs 2.4Number of nights booked: 32 vs 31Average daily rate (of booked nights): $101 vs $108I wasn't super precise when I analyzed the data so it's possible for stays that started in April and extended into May I missed some May nights, stays that started in June and extended into July include July nights that I did include, and June 2023 technically could get some more bookings (unlikely because the weekends are all booked), but I think overall it tells me the story.

Mortgage is only $1400 with 4% rate, inflation is 3%Fast forward to 2023, same house is $1 mil ; principal paid is about $150-$80k, remaning mortgage is $120-$140k with 40-55% LTV.When I paid $1400 in 2023, it is not inflation adjusted, if it's inflation adjusted, I shall pay $2,000 instead.In US of A , with current mortgage process, the advantage is with the borrower, the disadvantage is with lender (precisely reason why BAC/SVB is falling because they are the holder of our notes).Now the following is still true in US of A:1. home price is still rising albeit slowing down2. fixed mortgage rate is still available and sometimes we could get the rate BELOW inflation rate3. actual Fed real rate compare to inflation is still zero.Now when people do leverage in mortgage, after 8-10 years, you could pay off one of the property, with the equity from other house.With cash you can't do that.