Purchase price: $250,000 Cash invested: $250,000 Sale price: $420,000 2bd/1.5ba townhome What made you interested in investing in this type of deal?

TBD - but try explaining that one to your investors. 

You can use hard money to match your skillset if you need to so you only need 20 percent down for a short time and you can pay the rehab costs on your own out of the money.

Thanks in advance. 90% cash out doesn't exist.  90% with favorable terms really doesn't exist.Not sure how you got into this situation using hard money (usually they have a tighter lid on the numbers), but regardless, sell the property and try to get out of it before the HML gets a chance to foreclose.

Based on the 1% rule, this doesn’t seem to make sense.However, the city and area we live in retain property value because of the schools, community, and location.

Not an expert on this but it appears YES this would be subject to UBIT and a good amount (70%).

Hope this helps, excited to see you grow!

For now I simply wanted to share some data as we head into what could be a very active second half of 2024.This is a great time to buy an oceanfront condo. 

I don't have exact floor plans, so I'm not sure if it would qualify for the 51% apartment sq. ft. necessary for a mixed use dscr loan. 

We do not have any event experience.