Assigning contracts as a legal instrument when necessary is still fine, but not as a business practice.Gonna be interesting to see how it affects the investing community here, but I've been encouraging people to just take the title for the last couple of years knowing this ban was coming.

Personally, and what I would do for my clients, I would connect with a local community banker to discuss the property and see if their bank would entertain this type of financing (not all banks like doing this type of deal).

Yes, you bought what seems like a good deal on paper, but in reality, you own an old apartment building in a neighborhood with poor security, possibly surrounded by long-vacant shops, streets piled with garbage, and a poorly managed community.

Hi Richard, welcome to the community!

STR investors aren't really looked at that favorably in our mountain communities these days, putting it lightly. 

It’s great to see this REI community growing, and I’m looking forward to learn from you and also share my experiences with you!

Hello BP Community,I have  been a BP lurker for many years and after falling out of love with retail real estate- I am oh so READY to get into investing (my first true love).

Hey BP Community!

I’m sure the community here has a bunch of insights, so I’d love to hear what you’ve got in mind before you pull the trigger!

Welcome to the community, Jerem!