I just stumbled upon a property that looks like a potential amazing investment but needs A LOT of work.

I asked my agent why the Sellers would downplay the property as only 1,895 sq ft and she said it looks like the current owners bought the house with the sunroom install, but could’ve later added the heating/cooling systems BUT, didn’t go to the county to get it permitted/assessed to be added as true sq footage. 

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed.

He emails out potential properties to be funded and the first person to reply with a filled out order form will be funding that loan.

Discuss any potential impacts of the NAR settlement on buyer broker marketing or commissions.

A hard money loan could facilitate your fix-and-flip project, offering quick funding despite potentially higher interest rates and shorter terms.

Selling the property offers a significant cash sum, enabling you to potentially diversify your STR portfolio by purchasing multiple properties outright, fostering a more passive income stream.

You can potentially find some good ones on Yelp.

Using a HELOC for a down payment on your first investment property can indeed increase leverage, potentially impacting your financial stability.