The main challenge was ensuring the renovations were completed on time, but our efficient project management overcame this hurdle.

It depends on the market but we are finding it a great time to buy.

Luckily, the brother left at the agreed on time and I was able to being the renovation.

Even with the pickiest buyers who took some time, you at least weren't competing with 20+ other offers once you found the right one. 

We help clients answer this question all the time as it comes up a lot these days.

Fair pricing, with timely & quality work! 

Luckily, the brother left at the agreed on time and I was able to being the renovation.Reno consisted of gutting and replacing the kitchen and bathrooms, replacing the floors, light fixtures, HVAC and roof.

I'm curious to hear your story and action plan for becoming a full-time real estate investor.

. - along with inconsistent incomeTo be honest this person should not be investing in real estate and focus their time and energy on getting a stable w2 or income and get their credit cleaned up first

Hi Jerome - MTR is certainly one of the areas of lending that is still new and lenders are still adapting - probably going to run into trouble with more traditional and conventional lenders - which generally take a long time (years) to adapt to new trends like thisI wrote about this late last year as one of the developments to watch for 2024 - particularly how DSCR Lenders are approaching, which is likely the best bet for this investment type currently (but note not all DSCR Lenders are the same - so will need to vet and pick one that is MTR friendly and generally forward-thinking)What’s Next For DSCR Loans?