Super needed.Half of the homes sold were under contract in 13 days or less, up from 7 days a year ago.46.11% of homes sold for the asking price or above, with 23.4% selling for more than the asking price. 12.3% sold for at least $10,000 over asking and 4.04% sold for at least $25,000 over asking.The sale-to-list price ratio decreased from last month to 98.2% – down from 99% a year ago.Knoxville having the fastest-rising property prices in the country over the last five years, with median home listing prices rising 83%.New construction represented 13.6% of total home sales.With an increase in units over the past year we have seen the occupancy rate moderate at 95.9% down from the high of 98.9% in 2022.

The process of finding the people and motivating them is harder than you might expect. 

That said, like John mentioned above me, if you're looking for more of a value add type deal, than 203k and homestyle offer great assistance! 

@Miranda LeMaster If your agent can not offer you a good commercial option, then you are working with a personal lines agent and you may want to think about making a change sooner than later.Ideally you want to have 2 separate insurance programs.  1 for your personal and 1 for you business/commercial exposures.  

My county is Very concerned about “occupancy and overcrowding”, so they made an ordinance that says, “A group of not more than three (3) persons not related by blood or marriage living and cooking together as a single housekeeping unit.”

Literally just buying a property costs a bunch of money - more or less depending on your locality and state. 

On REOs, HUDs, VAs and other you can get inside but most of the time the utilities are shut off, and heat has been off for a long time at least one winter, in some cases more than one winter and are possible freeze damage to water pipes, hot water heat pipes and even boilers/hotwater heaters. 

However, it also shows that the summer 2024 market has been slower so far than last year’s.

Much more than that in property equity.

I am seeking suggestions for lender(s) that would be willing to lend to our LLC with limited cure period requirement (6 months or less) using Income valuation approach with no / limited additional criteria.