When Trying to qualify for a traditional loan, lenders usually price your purchasing power at 3x your net income.

Is it better to have a willing seller and buyer before sending the initial purchase/sale agreement?

Many months of costly vacancy, local market rent & resale deteriation, special assessments, property taxes and maintanance fees suggest a quick sale would have been the wise thing to do 2 years ago.

Yes, our motel property is for sale.

Seeing out there if anyone has any reading lists or content suggestions for sales or negotiation in Real Estate.

Purchased as an asset sale in October 2019 as a buy/hold investment.

Last August a decent pre-foreclosure opportunity came available on the MLS and my agent took us to see the home and submitted two offers below asking that were too low for the seller at the time.Apparently the seller was able to avoid foreclosure and the home delisted after it didn’t sale.

The property is unique—it’s off-grid with a well, solar power, and a fully finished interior.

It would still be hard because it wouldn’t be a traditional 1031 unless the land alone is worth more than your sale.

Hi KyleThe way most real estate for sale is priced these days there’s little to no cash flow after debt service with 25% down - borrowing a down payment would put the investor in a negative monthly position.