It was built in 1928 and had original old-growth hardwood floors in pristine condition other than the smell.

I believe that the ARV I originally thought was correct of 160-165k which after a cash out refi will get me my money back and then be about break even.

It was originally a 3/2 and had 3 additional bathrooms added.

It’s so serious that, beginning January 1st in California, any lender who knowingly originates a consumer-purpose loan misrepresented as a business-purpose loan can face criminal charges and jail time.

@Scott Trench what happened to the original thread?

Lol.Since we live in Texas it doesn’t sound like a prenup is as strong as I originally thought.

Purchase price: $125,000 Cash invested: $25,000 Sale price: $230,000 Bought the property about 4 years ago, originally it was a 2-family rental.

Improved DSCR: If a company’s DSCR has increased significantly since the original loan was taken out, it may qualify for better interest rates or terms, making refinancing advantageous.2.

Originally posted by @Tom Carmody:I’m newer to investing and came across a condo for sale in Florida which apparently is a “condo-hotel.”

While some leases say they will remove all evidence the sign was there and restore to original condition, I doubt that happens in bankruptcy for example.