Sourced & executed the deal What was the outcome?

Yes this is a critical reason why self managing out of state is very difficult to execute. 

In Florida, we have to contact the property appraiser to determine unit numbers, because that is what the sheriff's office looks at when they execute a writ of possession to remove a tenant in an eviction. 

You're going to have AWS, ADS, Meta, all these data center giants fighting tooth and nail against the power grids across the country when we're already showing a great deal of vulnerability.

I spent 25 years as a banking executive with a focus on real estate lending and special assets and this gives all of us who work with investment groups a black eye. 

Execute the plan, build the units, get the long term financing that covers the extra builds, collect more rent and lastly, increase your net worth substantially. 

But the barrier to executing it is high since you realistically need a high amount of cash on hand.

That is when these significant changes started being manadated from executive level, for example mandating changes to what data is and is not utelized in CPI read, or what data is or is not used in unemployment numbers. 

Depending on how the owner financing was originally structured, the buyer will get title to the property for the first time or the seller will execute a Satisfaction of Mortgage indicating the mortgage has been paid in full and releasing the lien on the property.All the best!

Identify your ideal properties and establish a trustworthy team to assist in executing successful flips.