Anyone have any historical data or case studies that might give insight into what we can expect?   

Investment Info:

Single-family residence other investment in Black Diamond.

Purchase price: $110,000

Cash invested: $65,000

Sale price: $490,000

Major live in fixer.

What made you inter...

Hi Arsalan - a great option for you will be a "DSCR" loan which are historically investor-friendly mortgage loans for 1-4 unit residential investment properties, however in recent years this product has expanded to cover residential properties up to 8 units and "mixed use" properties like yours that have a commercial unit or two. 

Purchase price: $320,000 Cash invested: $5,000 Sale price: $420,000 This property was acquired by the owner of a historic church that they could longer afford due to back property taxes and code violations.

Although rates are increasing the demand remains high and even with increased inventory the state is at all time lows historically.

Later on, we also provided a JV loan recorded in 2nd position to help cover unforeseen costs, as well the extension delays and city ordinance requirements due to the location and the "historical" setting the city wanted to keep.

Now, if you assumptions are very aggressive, meaning you have no room for vacancy to run a little higher than historic averages over last few years, and/or you are squeezed so tight that any drop in nightly rates will put you under, then it is not the right move.But I would also argue that medical office, may or may not be any safer.  

@Victor Zeytin Historically, you can see a corridor of increased investment demand headed from downtown Tampa moving north.

This past fall, when I have historically rented my units by the semester to visiting scholars, my monthly rates went right back to the rates I had been proposing for fall 2020 before the pandemic gutted my customer base.

I know that also historically in Austin there has been a gap between appraisal values and offer prices as the historical sales data catches up to current market values.