Purchase price: $430,000 Short Term Rental

I’m struggling to find anything which is frustrating…..my aim was to buy somewhere early in 2024 but I’m analyzing a lot of deals and coming up short.

Yes there are hard money lender that will lend up to 75% ARV and will finance the entire deal to include closing costs.The term is typically limited to 6 months and you will have to extend if you can’t exit within this time line.

The property would allow for some value add, making it a potential long term BRRRR. 

@Beth BrownBeth, I’m located in the Utica NY area and currently own one rental property with my second coming shortly.

The higher price and only moderate school district rating could impact long-term appreciation compared to Plum Creek.1031 Exchange: As Dustin mentioned, you can diversify by acquiring multiple properties under a single 1031 exchange.

The people I know who are successful at the process are those that do it often and know and understand the system.

I've done these deals and we have been able to renegotiate price and terms late in the deal, all while my client's EMD is fully protected either based on an inspection period or based on lack of disclosure. 

Ontario is pretty complexed in terms of development

Anyone had success and good service from RE agents in Joplin?