All lenders have strengths and weaknesses, staying close to them is the only way to learn what each of those are.

Having the seller carry a second is not a problem for the first, as long as their business with you is finished and the loan has closed.

I think it was for down payment and closing costs.

.🔑 What I Offer:Access to off-market and underpriced propertiesExperience working closely with buyers to maximize ROIA deep understanding of the local market trendsTools and strategies to analyze deals quickly and effectively🤝 Who I’d Love to Connect With:Investors seeking their next projectWholesalers, contractors, and property managersAnyone looking to build meaningful, win-win relationships in real estate🎯 My Goal:I’m actively looking to expand my network and help others succeed.

With the Chuckawalla Valley State Prison (CVSP) slated to close in 2025, do you think Blythe, CA would still be good city to invest in?

Apparently the US government will pay for the rent of enlisted men if the property is close to a military base.

Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.

Just wondering how many folks would really use this that are like I said not really educated on how title and escrow works and I find East coast folks to be highly reliant on closing attornies and have very little knowledge of title and escrow functions..

@Tanya Maslach I highly recommend that you look up/connect with Nobel Crawford, he focuses on corporate placements and teaches clients how to do the same 

I'm following it closely.