Admittedly, finding direct comparables has been challenging due to the unique nature of our family's home, but these figures give us a good starting point.I've taken the proactive step of having a property manager conduct an inspection, and preliminary feedback suggests that the renovations required might be relatively minor, pending the final review from the contractor.

I have not worked with this company but doesn't sound good customer service from your review.

A little about me is I own STR properties all over NYS and am always looking for lenders, partners, contractors, ect.

I started spending a lot of time researching new rental markets for myself and recently came across Parma, OH. In this post I'll share some insights based on my findings and some data to showcase why this market is a ...

Some lenders even allow you to lock the used balance into a loan rather than having the rate float or adjust as many equity lines do.

Repeat that research at the county and state levels. 6 review all info vs your UW and see if there is a land value above $0 that makes the deal work in today’s market. potentially consider a JV project with the property owner after doing the above as a way to make the deal work. it’s not impossible right now based on your question but it is very difficult right now to get the numbers to work

Couple of the syndication deals I had invested in passively and have been foreclosed on by the lender.

If it’s that good of a deal, hard money lenders would line up to fund it.

After reviewing here are a few questions, concerns and suggestions:1.

get a prequalification letter with a lender