Project like this is a year at least right. cost to sell and carrying costs land at todays HM rate 12 % thats 120k commish                                       200k so maybe net 750K or you think you accounted for those in the  2 million ?

I only heard about Partner Driven last year and so far so good 👍🏼 As a licensed REALTOR and loan officer, I knew the traditional buyer pool was going to shrink due to the looming interest rate hikes.

At today’s interest rates it’s very hard to cash flow, but the appreciation is pretty consistent. 

We brought in $31.37k in revenue with 89 bookings and 83% occupancy $136.98 Average daily rate from 9/1/23 to 6/1/2024.

Also, I hear that Ohio has pretty good returns based on purchase price and rental rates. 

You may need to show that you have completed at least 1 fix and flip or hold to get the full cash out, otherwise it may just be a hold back for the renovations and a rate and term refinance for your 1st mortgage 

Yes, my interest rates would go from 5.25 to 7.5 or 8 but I would be eliminating debt payments and possibly adding a 12th rental property? 

It was a home on a double lot and I was able to negotiate a 2.49% interest rate.

They gave me very competitive rates for my STR in Kentucky, not sure if they do CA.

It's that lightbulb moment where you realize that even after paying the surcharge to pay a mortgage with a card, you still earn positive cashback, making your net interest rate on your mortgage effectively a negative percentage.  8% cashback - 3.5% pay by card surcharge = 4.5% free money, and considering my mortgage interest rate is 2.75, that effectively means I pay no mortgage interest and still earn 1.75% free cashback.And the best part is that this passive cashback is generally speaking not treated as taxable income.