The terms may be more favorable, if you are just starting out a bank maybe nervous to do 3 at once, therefore their perceived risk will likely be reflected in less favorable terms.     

Property values only going up up up for decades. 

Purchase price: $17,000 Sale price: $27,000 Contributors: Peter Vekselman Partner Driven and Archie Raglin acquired this property on 1/3/2025 for $17,000 and sold it the same day for $27,000.

I bought some commercial properties (5, 6, and 11 units) and they were all off-market and seller-financed.Learn how to make the numbers work for you and the seller.

For instance, many tribal lands are exempt from state and local property taxes, which can obviously lead to significant savings.

Why not consider selling your property and investing in a duplex or triplex?

The property is being purchased at 103 with an ARV of 375.

I don’t expect every year to be like this.For the mortgages, I did some accelerated pay downs and refinanced when rates were more favorable.

If you would like to continue to operate as a short term rental, you will need to submit a new STR application for this property and must go to the Board of Adjustment and be granted a special exception for staff to approve this request for a Type 2 STR Permit.The Board of Adjustment consists of eleven (11) members; you will have to get a concurring vote from nine (9) out of eleven (11) members in order to be granted the special exception.

There are more favorable rates out there of course.