In escrow, 2 extensions done and expiring soon and my loan just getting it done but its not coming together now the total isnt quite enough. lf l walk l lose deposit $7500. l dont want to walk.What are my options?

The Stowers Road deal was sourced through our extensive network of real estate professionals and off-market opportunities.

We will need to move out and do extensive repairs which will then end up being rented (a delayed brrrr in a way).

I purchased my Los Angeles (Compton) 4-bedroom home in 2013 for 240K; according to Redfin, it is now worth 686K. 2 years ago the entire house was completely renovated (Insurance claim) due to a burst pipe that caused extensive damage while vacant. 

I’ll either offer them a lease extension until spring or charge a MTM rate that covers 2 months vacancy.

The market rate for a full-service STR co-hosting company is 25% gross after cleaning fees.On average the following would be included... 24/7 guest communication, vender oversight, weekly updates on the OTA listings, make sure maintenance and deep cleanings get done...but owner pays the expense, stain removal on linens, marketing the property, keep supplies stocked...again owner pays the expense, keep property guidebooks updated (digital copy and hard copy), security (locks, cameras etc.) oversight, bi-weekly pricing software management, walk the property regularly, provide monthly reports, and obviously any guest problems that arise time to time.

Unless you're an investor with serious capital, have previously lived there or perhaps vacationed in the Caribbean extensively, I wouldn't recommend it for risk management reasons.

But since you are still within the range of the first extension, you may be alright there.I'm not sure what you mean when. you say, "Since I declared smaller amounts since 2022".  

Total Rehab would be about 40k.Due to the extensive work needed to be done, our first investor who is a family member is not willing to go through with it.

Partner Driven found this Water Street deal through a direct-to-seller approach, leveraging our extensive network.