Due to interest rates and overall market conditions, sourcing SHF or small multifamily LTRs that cash flow is still challenging unless you're putting down a significant amount or finding deals off-market.Nevertheless, my team and I still have an extensive network of investors focusing on SFH deals and small multifamily acquisitions. 

The tenant requested an extension to find a new place, so I granted a 15-day extension with a new end date of July 15th.

What if the storm caused extensive damage?

However this along with the remainder of my properties have extensive equity and cash flow or both. 

One of the properties had foundation issues; I was aware of this from the inspection report but it ended up being quite extensive.

One of the properties had foundation issues; I was aware of this from the inspection report but it ended up being quite extensive.

They can provide guidance on potential legal options and rights concerning the city’s demands and the lender.Negotiate with the City:Seek Extensions or Variances: Your friend can request an extension on the deadline to comply or apply for variances that might allow the property to meet less stringent requirements.Explore Grants or Subsidies: Check if there are any local, state, or federal grants or subsidies available for renovating older properties, especially those providing low-income housing.Engage with the Lender:Discuss Financial Hardship: Present the case to the lender, explaining the situation and the financial hardship imposed by the new building codes.Propose a Loan Modification: Suggest modifying the loan terms, such as extending the loan period, reducing interest rates, or even deferring payments temporarily.Negotiate a Short Sale: If the property must be demolished and rebuilt, your friend can discuss the possibility of a short sale where the lender agrees to accept less than the owed amount to avoid foreclosure.Explore Refinance or New Loans:Seek New Financing Options: Look for other financial institutions or private lenders willing to provide financing for renovation or rebuilding.

Long-Term Wealth Creation:Owning a duplex can be a stepping stone toward a more extensive real estate portfolio.

My name is Richard Pennington I am in the Raleigh North Carolina area seeking any advice on using an FHA loan or conventional  loan for my first investment property. My best rule of thumb is to have 20k for every 100,...

Then one of their coaches threatened to back out but the student finally was able to get through to Tyler, they worked it out but now they need even more money for the contract extension.