It’s a good reminder for landlords to stay adaptable and ready to respond to changes in rental demand.As an experienced loan officer in Georgia, I’m happy to help both buyers and sellers navigate this competitive market.

There are pros/cons to the bay area vs out of state and everyone's situation is different to reach their goals within their own timeline. 

These are jsut blanket averages though.Annual Revenue$61.3K+12%Occupancy Rate54%-1%Average Daily Rate$376.34+11%RevPAR$201.78+9%In this particular situation and the market, I'm going to guess that you are more intelligent as an LTR and trying to figure out how you bring in more income or lower expenses on that side.

So a loss of about 55k We did a lease to own option so I could immediately take over expenses but keep their primary resident loan and interest rate.We agreed to a deal which would cover all their expenses at closing, their remaining loan balance, and $45,000.

Hi Shayan,It definitely doesn't hurt to get another quote from a different GC for sanity check.DSCR loans won't work if the property is not rental condition and it won't fund any of your rehab budget.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

you can use a DSCR loan if your DTI is too high for conventional. 

I believe the investor may need a commercial loan at that point or could do 3 separate loans since they are on different parcels.

While it provides opportunities for buyers who may not qualify for traditional loans, it's important to ensure affordability and long-term sustainability.

Purchase price: $240,000 Cash invested: $60,000 purchased this distressed duplex using owner financing for $240K and a $60K hard money loan for renovations.