.- Strategic Location: Close to major commuter routes (I-495, US-29) and public transit (Metro).High Demand: Inventory in Silver Spring remains tight, driving competitive offers for move-in-ready properties.Diverse Market: A mix of young professionals and families ensures a broad buyer pool.

Franklinton is undergoing rapid transformation, with developments like The Gravity Projects, new breweries, and an expanding arts district driving change.Safety and Future Outlook:Increased Investments: New developments bring better lighting, public spaces, and infrastructure, naturally improving safety.Community Growth: More residents and businesses create activity, discouraging crime and boosting the neighborhood's vibrancy.Police and Outreach: Enhanced patrols and local organizations address crime and substance issues.While challenges remain, ongoing investments and gentrification make Franklinton safer and more attractive.

You can add to that that there are hordes of real estate investors chasing the same deals that remain profitable.

This means the seller-financed loan becomes secondary to the new mortgage, which satisfies the lender's LTV requirements.How It Works:Lender issues a new 75% LTV loan based on the property value.The seller retains a subordinate lien for the remaining balance until paid off.No additional cash is required from you.”

Outside of real estate, I enjoy bodybuilding, working on cars, and anything that keeps me physically active outdoors, which helps me remain grounded and focused.I'm looking forward to networking, exchanging ideas, and building lasting relationships in this community.

Apparently the seller's title search didn't reveal a lien (ours did) which wiped out more than 80% of their remaining equity. - Expect rehab costs to exceed initial estimates (maybe double)!

You can always sign a contract to buy the remaining properties anytime with a closing date scheduled for the future (not sure why he would want to do that though since we don't know what will happen appreciation-wise).

I would pay off the remaining 416K by getting a mortgage and hopefully have about 100K in equity.Anyone have thoughts or holes in this idea?

Remain responsible for rent, utilities, and other terms until a replacement tenant takes over.#2 can be a bad option in the middle of winter when renters are harder to find.

I've offered "as-is" several times but with the only contingency being sewer scope because it was the only remaining unknown.