Typically LOC has higher rates than a long term mortgage and require the line to be updated every 1-3 years.

I’m not an expert by far but I have 4 long term rentals and just had to find tenants for two and it didn’t take very long.

Thank you for checking this out… I hope this information is helpful to you or someone you know in the New York market.If you are interested in 2-4 unit properties in Queens, Brooklyn, the Bronx, Westchester or Long Island, this will give you a sense of what is happening in the NYC metro area.

The “process” is the same as opposed to how the marketing is different in each state depending on whether it is a judicial process (court filings with a judge) or non judicial ( Lender simply posting in a legal newspaper)Yes,a short sale can be done by a homeowner without a foreclosure date if they are being relocated by their Company more than 50 miles but in this group we are real estate investors and it is hard to target a “list” of those home owners who may have received a job promotion AND think their home is worth less than the total debt.

We are looking to partner with local event planners and corporate travel bookers to help fill weekday gaps and potential book the entire property (3/3 on each of the three floors).

It was pretty long and basically barely found one and it still all boils down to insurance. 

we are buying everything we can in parts of East Cleveland as we know whats coming.

It is being offered at $47 per month by the Property Manager that we are planning to hire.

Also, love to work out as much as I can in things like running, bicycle, jumping rope, and lifting weights-no ripped or jacked by any means-but thinking in the long term benefit (like in real estate).

Sorry for the lack of good advice but we are in one of the biggest home sales droughts in U.S. history so it’s just a tough market.