We'll double check that wind is included in our policy, that's a good point.

This included modernizing the kitchen with high-end appliances, upgrading bathrooms with spa-like features, and adding hardwood floors for a luxury feel Lessons learned?

The total cost including construction and permits (but excluding the land) comes to about $2.14 million.

If you're looking for cash flowing markets.. a lot of investors, including myself, are looking in cities like Cleveland.

Unlike refinancing, which involves taking out a new loan, recasting keeps your existing loan terms—including your interest rate and loan duration—intact.

Start by deepening your understanding of CRE fundamentals, including net operating income (NOI), cap rates, and lease structures like triple net (NNN).

I’d also recommend getting a few quotes, including at least one from a mortgage broker.  

@Brandon Stelling As a military veteran with 100% VA disability benefits, you can leverage VA home loans to purchase properties with no down payment, no PMI, and favorable terms, including multi-family properties for house hacking. 

You will need probably 20% of total cost (Not including financing costs. 80% LTC) as the down payment.

We purchased 133.7 acres January 20th of 2024, we then proceeded to subdivide 4 building lots, ( two 10 acre lots,  and two 2 acre lots)  which included costs associated with septic testing,  survey & subdivision, and property maintenence required to market the building lots.