when you put your property on the Padsplit platform, did you purchase an existing pad split home or did you have the conversions done to make more rooms?

We have one right now we are in where the borrowers loan has matured and they as part of the restructuring want to convert the loan to a 30 year fixed loan at 1/2 the interest rate of the current loan.

I contacted the owner, left a voicemail, and got a callback a week later.

@Heidi Fahringer wasted time doing several calls and then a meeting with a CPA and then got shocked with their proposed fee.After even more wasted time trying to find out from them why the fee was 10x what I had been paying - a lightbulb in my head finally lit up and I asked the revealing question and found they had a minimum charge.Obviously, we were not a fit.

Hi John, welcome to the community!

- Most flippers just want a tenant to make their turnkey sale happen.

You can boot her out due to the fact that you need to make large repairs.

Aha it seems like every time I sell one of mine its the time.

Hello Heath and welcome to the BP forums!

I want to make the most of this time while I’m saving to keep learning and maximize my returns when I’m able to enter the market.