I just got the notification from the city that there is a new apartment complex that will come up right in front of my house.

They followed up right away on my pre-approval application that I submitted online.The appraisal (which usually seems to be a bottleneck with other lenders) reached out right away, even before my term sheet was finalized.Now here is where I feel a bit frustrated with their product marketing and what I actually got.

@Elliott Beckstrom, an STR/MTR can generate more income than a LTR, if you set it up right!

I understand the processor bankruptcy caused a big disruption but it also seems like FTF (Upright) was overly leveraged because they've proceeded mass sell their loan book, which means if you held one of the loans that will be sold you will receive no interest until due diligence is completed and possibly a hit to principal depending on the final price the buyer pays. 

Lawyer up right away .

Plus, it’s hard to ignore a notification that pops up right in front of you.

Purchase price: $18,000 Cash invested: $245,000 Sale price: $335,000 New Consruction spec home built with the help of a hard money loan from Upright (Fund that Flip at the time). 1420 sqft, 3 bedroom, 2 bath home on 1.8 acres.

We obtained a hard-money loan from Upright to help us fund this deal.

STR can be more profitable if you set it up right with your pricing and have a balance of making your place look nice, while not spending too much on your setup.

My CPA has already qualified me from a martial participation perspective.