You may get that in the STR/MTR space.The next thing to look at is the product and the markets; and that is where the rubber meets that road on these investment returns.

How productive was that?

Like the previous monthly reports, the market typically reacts to numbers in comparison to estimates.Producer Price Index (PPI)The Producer Price Index (PPI) report is similar to CPI; however, it tracks costs (and inflation) for producers, such as product manufacturers or service suppliers.

Investors in your position can perform a fast rehab and in as little as 90 days refinance out of the interest only fix and flip loan and into a DSCR loan, 30 yr fixed product in the 7-8% range - cash out is available up to 75% of the appraised value at the 90 day mark.  

The city can be super slow to approve permits and it being in a historic district could make it drag even longer.

Advise that the property has never been tagged by law or code enforcement as a drug production property and that their concerns are unfounded. 

Your transaction was not the norm, anytime you get lawyers involved to draft things, things tend to slow down. 

Maybe bankruptcy, maybe slow courts or laws over Covid, maybe owner missed a payment and started paying again, but one payment behind, maybe trying to do a workout, maybe some environmental hazard with the property that they want to take ownership of it.So that would be the first step....find out who owns it.....individual or LLC or now in lender name.   

While the first half of 2023 was slow, in the second half of the year, the sales volume gained enough momentum to catch up on the loss by increasing by 25%.

Slow and steady has won the race for thousands of years, and that didn't change with the advent of social media.1.