In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

I tell my Colorado STR clients they want to see annual STR revenues that are at least 10% of the purchase price.

Hi Troy congrats on your purchase, which it seems you purchased at a forelcousre auction.

I don't know if this is for you, but my husband and I have mentored quite a few investors in Canada and helped them purchase their own multifamily. 

I invest in Memphis, TN and I use the BRRRR strategy for most of my purchases.

I have helped many new investors purchase their first property in Memphis and LIT.

Have you purchased any in the Clev markets as you said you wanted to months ago?

i want to be on a team and work with others and purchase subto deals.

And we usually replaced windows/storm doors and HVAC systems within a year of purchasing older units, and this has helped as well.

Purchase price: $17,000 Sale price: $27,000 Contributors: Peter Vekselman Partner Driven and Archie Raglin acquired this property on 1/3/2025 for $17,000 and sold it the same day for $27,000.