Conventional loan, 25% down at ~7% interest rate How did you add value to the deal?

Not sure if they have upgraded to desktop appraisals but if they are still doing in person appraisals , make sure you get everything (scope of work, good faith deposit, social, LLC docs, insurance, proof of prior experience, financial statements) in ASAP.

Any recommendations for Umbrella insurance providers for each partner to cover any liability?

@Ana Escudero Property insurance renewals have been challenging the past few years, but there’s some stability with carriers heading into 2025.

When we found this deal the community had around 45 homes in it, now we are close to 60 total homes and looking to bring that number up to around 80.

Quote from @Michael Moya: Hi Bigger Pocket Community - Looking for some insights and advice on loan options for single family homes under $120K.

I have 16 homes in Rio Grande Valley that are RENTED for $1000 plus per month.

In my home market of Florida, our insurance rates have made it much harder to have positive cash flow on a CRE deal.

I know I can get an insurance plan, but is it worth the headache?

Purchase price: $178,000 Cash invested: $10,000 primary home own use has an Airbnb/ short term rental 5 months out the year/sometime this year will try BRRRR