I showed them the whole business model and spreadsheet...We ordered the Feasibility study and appraisalThen they gave me a Term Letter that states everything even construction cost analysis by their 3rd partyThats where we are atwe have a GAP of $2.7MWe came up with the strategy last night.. that at the very least we need $1.5M cash to pay a balloon payment by June 27 or it forecloses... the lord will not let that happen.So I have the green light from the Lord to talk to all the interested investors as He is opening up the doors of Favor

I have State Farm only able to come out 6 weeks after we're going to have the damage remediated (Colorado now requires hotel rooms and per diem paid for tenants), and I want to make sure I'm on the right page on anticipated costs.

@Mohit Arora You should probably check your state landlord/tenant laws before deciding what your options are.  

I live In Palm beach, and do all my biz out of state, freedom is pricelessAll the best

I just received a letter stating that the only option they would offer me is a short-sale and that I was not eligible for a forbearance since I indicated I was interested in selling the home. 

Why not 1031 into cash flowing properties out of state?

There are so many so be sure to filter by your location. 4) Review Dave Meyer’s The State of Real Estate Investing Report 2024 (in your resource page as a member of BiggerPockets!)

We live in Washington state, so this will be managed remotely.

Source: Mortgage Rates: 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US) | FRED | St.

I have had a State Farm homeowners policy but they won't renew because it's a rental and they don't offer RDI.Would love to find a broker who could help.