I do some construction myself and have an extensive team of framers/ electricians/ plumbers / HVAC ect. 

The lender Bank was being bought by a larger and needed the non-performing loan off of the books made the deal even sweeter. 

We own a mid term rental in Temple that has performed very well.

If all else fails, 😀 ReSure's got extensive resources on all these subjects in our educational platform (which actually includes some plagiarizing from Michael!

Leveraging the equity from your house hack for future investments, whether in STRs or larger multi-family properties, is a strategic plan, but ensure your initial property performs well before taking on bigger projects like flipping.

Don't know how many times it's been mentioned on here, but the modification of any mortgage is a new extension of credit legally.

Hey @Shaheen Ahmed, A lot of deals aren’t top performers right out of the gate, but the key is finding ways to maximize income to offset costs like taxes.Stay consistent with analyzing deals you’ll find an area that works for you.

Use the actual NOI, not the pro-forma b/c that is how the property is ACTUALLY performing.

One challenge was managing extensive renovations on a modestly priced home, requiring disciplined budgeting and planning.

A loan commitment letter carries more weight as it confirms lender approval, signaling a stronger ability to close.Addressing Closing Concerns: A commitment letter meaningfully reduces concerns, especially when paired with proof of equity and a track record of performance, even if on smaller deals.What Brokers Look For: Key factors are a reputable lender, clear terms in the commitment, and evidence of funds for equity and reserves.