However, we faced a few unexpected challenges:A hailstorm damaged the roof while the property was under contract.The main water line to the property failed.

This is conducive to "Wood Damaging Insects" to be able to get in the home.

The number is ticking up but Ohio is still fine in vast majority of cases - anything over loan balance of $110,223 (2024 limit) doesn't apply - since most DSCR lenders have minimums around $100k loan amount, barely affects thingshttps://com.ohio.gov/divisions-and-programs/financial-institutions/consumer-finance/guides-and-resources/loan-prepayment-penalty-and-adjustment#:~:text=Effective%20January%201%2C%202024%2C%20no,loan%20of%20less%20than%20%24110%2C223.

If you inspect and find the cat is urinating in the home, you can require them to mitigate the damage immediately or remove the animal.It's important to read and understand the law.

I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.

VA appraiser also spotted damage to a retaining wall that was somewhat minor and my buyer would have been happy to fix on his own.  

This is at the appraiser discretion if she/he thinks the repairs needed effects the value in anyway or not.

This transaction showcased our effective renovation strategy and project management skills, resulting in a substantial profit.

It's about researching and networking effectively but most importantly, building relationships with local experts like property managers, contractors, and real estate agents.The BRRRR strategy can be profitable but it relies heavily on trustworthy partners.

This transaction showcased our effective renovation strategy and project management skills, resulting in a substantial profit.