I purchased a FIRST LIEN Purchase Money Mortgage that foreclosed, originally from 2006.

There's quite a bit of history with this property management company:1) They failed to notify me when the original tenant stopped paying rent in early 2023.

What started as a promising BRRRR ended with us making the tough decision to sell at a loss after an unexpected disaster.The Numbers:Sold for: +$230KPurchase Price: $115KClosing Costs: $3KRehab Costs: $105K ($49K original rehab, $56K additional repairs due to the car crash)Holding Costs: $31K (12 months)Selling Costs: $16KInsurance Claim Recovery: +$25KNet Income: - $16KWhat Happened:This was supposed to be a BRRRR.

When renting out furnished rooms, am I obligated to provide the exact furnishings and decor shown in the original listing photos?

Your contract should include a process for handling change orders—any alterations to the original project agreement.

So like my original post the federal government does not have the operational ability our financial backing to accomplish deporting 11MM people.

@Michael Palmer As a general rule of thumb bank originated construction debt will be WSJ Prime +1 point with a floor, 1 point origination and 75-80% LTC while meeting certain LTV thresholds (normally 70-75%).

Originally posted by @Kenneth Bullock:@Mindy JensenryrfWhat does this mean? 

Your original agent is the average.

Purchase price: $105,000 Cash invested: $23,000 Sale price: $180,000 Originally BRRRR’d, not great roi so sold.