Builders do this a lot to add extra potential sleeping area without having more bedrooms than septic is rated for.I have seen people put beds in the loft after closing or even close in this area to make an unofficial bedroom.Just be clear in your pictures and description and you should be fine either way.

Congrats on closing on your home and having equity right away—that’s a solid start!

I want to cash out refinance and close it under our LLC as DSCR mortgage.

You cannot close an RE purchase or sale without using an RE attorney.

I can see how Gatlinburg/Sevierville/Pigeon Forge has an oversupply (even though SMNP receives the most annual visitors per year of any national park and double that of the #2 NP)… though, from what we’ve watched in the last year and gathered from our realtor in Knox, both Knoxville and Chattanooga homes are still going for over asking price which would indicate an under supply, no? 

@Dean Hendricks not understanding why your lender would allow you to spend money without having verified you have the cash to close?

I gave up time with the expectation that the buyer would be able to close sooner.

it will be a corporate/wellness retreat/short term rental destinationI need land that is close to the Action, but not too close, and preferably comes with two single family doors already built, so I can take advantage of Fannie Mae owner occupied loan and develop the rest of the land on my own and with private funding.Is Columbus a good market for this strategy?

I gave up time with the expectation that the buyer would be able to close sooner.

I’ve watched clients reinvest capital from a tired old rental in one part of the country into vibrant, up-and-coming areas like certain pockets of Austin and San Antonio.