The question behind the question is that I'm trying to figure out how to communicate with property owners that have under-utilized assets.

But please for the love of all that is good, plan your exit strategy with their property management, because that has been a giant dud for me and do not see it getting any better should they continue the hands-off, digital approach to placing & managing tenants.

We were looking for something in San Jose Del Cabo, because it is a popular destination for digital nomads and remote workers.

We utilized Partner Driven's proven funding model, leveraging our capital resources to close the deal with cash.

Loan terms are 30 years fixed and there are 10 year IO options available.Lenders will require a Passport, Verification of Residence (Mortgage Statement, Utility Bill, etc..), Either a US credit report or credit trade line history in your country of origin, US Entity documents (EIN, Operating Agreement, Articles of Organization,), 2 months bank statements for proof of closing, and 6-12 months reserves on top of closing costs and DP. 

We launched HomWork, in 2018, with the intent of acquiring SRO properties that we can remodel and remarket to digital nomads and remote workers.

What I am more concerned about is in terms of real estate what would be the best way to utilize the 200k - I want to put that money to work.

But 1k a month in utilities definitely seems high.

-As far as trying to sell land with no access, sometimes I've sold those to neighbors who want to increase their acreage, or utility companies, cities or other public entities who could use the piece for whatever reason.

Hi Brett, I would opt to utilize a HELOC.