Some markets to check out: Lake Tahoe (high demand but strict permits), Sonoma/Napa (wine tourism, tight restrictions), Gold Country (lower buy-in, seasonal demand), and Mendocino Coast (beautiful but limited STRs).SoCal spots like Big Bear and Joshua Tree tend to be more STR-friendly.

Have recently started a renovation company with a friend, both of us successful business owners and talented in the trades.

I was not familiar with Danville until a broker/friend brought an opportunity to me in 2018.

No it's your friends boomer parents giving the downpayment to your Gen Z/millennial friend to buy that house to their newlywed son with their new daughter in law/wife being emotional and running up the price because it's a "dream" house.

@Kenny Smith wow, i have some friends in that area and they've been telling me the same stuff: very expensive, hot market.

Commercial RE is a bit more strict than the residential market which has more options available due to flexible housing regulations in place to make it easier for people to buy their primary residence.1) Family and friends.

Broker, friend connection.

I was just able to get a friend of mine terms on a commercial bridge loan for 10.99% and under 4 points.

Will these homes be appraised similarly to traditional homes in the area, or could they be lower due to the construction method?

Hi to everyone,I would like to ask that ,my banks in my country (Greece) are unable to provide refinance options for the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat), what alternative realistic strategies can I consider for implementing this investment approach?