- How long the unit sits vacant for repairs/cleaning, and finding a tenant- City/town/state the unit is inPlease respond with your thoughts, hopefully with the bullet points above as points of reference and stated as such in your reply (I know, I am asking for a lot from you all :) ) But, for example, a Class D property in Milwaukee, WI probably requires less turnover time, lower quality materials, not as precise of a paint job, etc, than perhaps a Class A property in San Francisco, which would require higher quality materials, higher labor costs, longer vacancy since more precise craftsmanship would be required, etc.

Additionally, I’m partnering with a friend where we then can take advantage of a first-time homebuyer program, but we’re unfamiliar with the available options in Charlotte.Your guidance and expertise in helping us find suitable properties and navigate these programs would be greatly appreciated.

Purchase price: $1,150,000 Cash invested: $300,000 Sale price: $1,628,000 Purchased off the MLS!

My STRs are in a small destination mountain town and finding good cleaners is the #1 struggle. 

I been researching hard money lender, but struggling to find one that meet our needs.

If your home is an investment property that you rely on guest stays to pay your mortgage and insurance and other expenses - be prepared for the community impact to you as well.Many mortgage companies will offer mortgage DEFFERALS during this time - it's a great way to manage short term cash flow - however, please keep in mind - this is NOT mortgage forgiveness.

I’m not suggesting you can’t successfully complete the BRRRR method but if you are selecting your markets based on where that strategy is most attainable you’re going to make regretful investment decisions because most who chime in will promote markets where you will be able to obtain a favorable cash out refinance while ignoring everything else that supports whether the market has a good underlying investment thesis or has a a more attainable alignment of sale values and appraisal values. 

Private money lenders can also be more flexible with terms, allowing you to structure deals in ways that better match your cash flow needs or renovation timelines.Re-evaluating your financing strategy periodically ensures that you’re optimizing not only for the best rates but also for terms that align with your investment goals.

does anyone know of a credit union, or private lender who does cash out refinance on lots of land??

I was given the loan terms verbally from a DSCR loan broker out in California for a cash-out refinance on one of my rentals.