Plus there should be amount over which they don’t do the easier without first showing you the quote from the vendor, describing what’s wrong and what needs to be done to fix it.

Whether you need advice on selling your property or transitioning to your new business model, feel free to reach out!

We fixed the foundation and the flat roof issues with pooling water, and rents didn't meet the mortgage just yet.In 2023, we finally started to cash flow.

The loan is a construction loan (interest only on the drawn amount) that converts to 30 fixed (3.375%) upon CO.

Always make sure the loan-to-value ratio (LTV) aligns with your risk tolerance (usually 60-70% for fix-and-flip loans).Once you're prepared with contracts and a local network, you can start talking to borrowers and agents to find opportunities.

Your interest rate, on a fixed rate loan, should remain unchanged and your mortgage should not be called due.However you should still confirm that this is the case with your lender (and read your mortgage commitment) out of an abundance of caution and because some loans and programs do require a longer seasoning period.

And non performing notes are a very high risk model if the model counts on reistating the loans with those in foreclosure..

This model simply wouldn’t work for me.

I'd prefer 30 year fixed rate debt at 7% over this arrangement unless there is something that I am missing.

Some high-end STR's (like in Joshua Tree) do use professional models, but for your market and property type, I’d suggest removing personal photos and focusing on the space itself, so guests can imagine themselves there, which is really what you want.You also have 81 photos, that’s too many.