With this information i knew they didn't have any attachments to the property so i offered 350k knowing the home was worth 430k ARV.

But if a tenant defaults they have a right for due process to contest the eviction.We see people try and do this with having a borrower on seller finance sign the deed back over to the lender and if they miss a payment the lender can record the deed back into their name.

Some where that you would go on vacation  with your family and everyone Luke it there.Myrtle beach is great. one of my west coast clients bought a fully permitted STR in Charleston SC for about 800k and that property when  she bought it probably was worth maybe 600k without the permit..

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

And for you to recover rent at that point wouldn't be worth the hassle of suing.

This is neither good nor bad; and many times can be profitable if they are a legitimate wholesaler with a real track record of wholesaling.

On a second look, one of the houses I could probably get up to 5% ROE, the other 4% max, not sure it’s worth it though.The other rental down the hill is a different story.

Might take 5-10 years, might not happen at all, but this is a neighborhood worth investing in if you can buy right AND manage right.

Have your realtor pull the tax records and you can see the difference between the SEV and Taxable value to do the calculation.

It's really easy to fall to the trap of social media and Instagram gurus screenshot Ing their so-called returns on their stories and making posts about how much money they made, and wearing crazy Rolex watches and recording podcasts on yachts to believe that all that hype is true.