They buy properties, do not know the area put substandard upgrades in the property then sell them for market value or try to and the property sits for a long time.

While the guarantee of income sounds great, it's only a percentage of the rent, typically up to 70% and the tenant has to pay the remainder.

The only way to truly do comps in any market is via MLS access.

@Nicole Washington I use a 1 page assignment of contract

Lol  Just cancel it then and walk away :)  take the write off at the end of the year.

I'll flip the property.

The human race has historically been poor at predicting future, so it's wise to prepare for multiple scenarios.Mortgage rates in 2025 may decrease slightly if inflation stabilizes and the Federal Reserve eases rates, though they are unlikely to return to pre-pandemic lows.

Hard Money Lender 100% LTC How did you add value to the deal?

As an agent, I think once you've assigned the contract to the LLC with an "addendum to the contract" you should just be signing as the LLC and whomever owns the LLC. 

The Texas method is you buy where you buy and you don't care because the CASH FLOW IS THERE.