We are a capital partner and move like no Lender can move. thats where the great deals are going or at least what i see as its my day job LOLPS  in the old days  the west coast buyer had to get pre approved by the west coast mortgage lender and that included an appraisal up front so we knew the numbers would work then when rehab was done the mortgage brokers simply had the appraiser do a 442 update and the file closed. 

This is the most challenging period outside Covid shutdown periods.  

This is a pretty standard ACH hold period. 

normally there would be a balloon payment set up for some time period.  

I guess many investors are hesitant during this period, probably due to the holiday season coming up. 

Hi Stefan- any update?

for the asset value, STRs have never had lower income (no counting any Covid lockdown periods).  

Relatively, this period is slower for sellers, which creates a solid opportunity for you to explore multiple properties/options and maybe even negotiate for a deal below market value.

We strategically improved the property with minimal investment, focusing on cleaning and minor updates to enhance its market appeal.

At those costs it would take me about 12 years to break even if there were no other expenses for either unit during that 12 year period.