We are itching to get another.Our current STR has COC return of 43%, we are making on average $12,480 a year. 

We are bringing in brand new fully drywalled manufactured homes ranging from 3 bed/ 2 bath to 2 bed/ 1 bath.

Hi Brett - local PM here - we have a few development projects, small multifamily and tonwhouses that we are gearing up for sale in the next 6 months.

Hi Cecil- We are also in Shasta County.

As a note investor I am licking my chops at the number of deals we are giong to see come our way because of scenarios like this, especially once values go down and these people who bought sub2 could just walk away once the equity is gone.    

We are not currently under any sort of contract and we just found this thread through a google search on Lendbase.We are currently working on a construction loan to develop some residential lots, assumed the Mortgage Broker would be on the up and up... had some sales-ey call with a guy out of Utah. 

We are BRRRRing it and we’re originally going to rent traditionally, however we decided to look into it as an Airbnb, and when we put in current loan rates which will be near or at 7% when we are ready, we’d only cash flow about $150 a month 😱, but as an Airbnb our projections are around $1,300 cash in our pockets monthly. 💰 At this point is a no brainer 🧠 and we know if it doesn’t work out or we don’t like doing it we can always revert to a traditional rental. 

We are asking the current tenants to leave as the property is not in optimal condition we like to have our rentals and we would like to fix it up to increase value and rents.

But what’s MOST INTERESTING isSales Professional (Wealth Coach)(Remote - Independent Contractor)We are currently seeking confident and ambitious sales professionals to join our first-class team as we continue to expand throughout the country.

We are not a replacement for Propstream.