The smaller more nimble banks such as state chartered or regional banks are better able to service you.If the LLC that owns the property is part of a legitimate business, is profitable, then you stand a good chance of securing some kind of funding.

A good landlord understands that vacancies & Rent-Ready costs will destroy your cashflow and profits.

Why'd you sell if it's so profitable?

This deal highlights the power of well-executed renovations and a strong partnership in achieving impressive profits.

There are considerable economic headwinds for 2025 including if equity markets pull back, there could be a reallocation of profits into real estate.

By 2030, we want to have grown a portfolio of over 100 units, created a property management company that manages an additional 100-200 units, and, finally (and most importantly), we will have established a non-profit that is focused on quality, affordable housing that specializes in providing housing and resources at/on the "services cliff" alongside financial counseling and first-time home buyer education in our target area.Our target area is the Springfield, MA and Hartford, CT areas with dreams to expand to Central Massachusetts (Worcester, MA), Southern New Hampshire (Nashua, NH), and Southern Connecticut (New Haven, CT).Would love to meet up with likeminded individuals in our area!

Flipping outside your zone can be profitable too, just gotta make sure the numbers work.

- The inspectors aren't stupid and will see that everything is brand new and then research for permits.Also can't think how you can make this profitable.

It started with really buying my own personal home, then selling and making a small profit.

It was built using the profits from a new home build I completed in Georgia, so there has never been a mortgage on it.