I use the same scenario, it costs a lender the same amount of power and time to service and close a 7M loan as it does a 75,000.

This includes a reliable real estate agent who uncovers good deals and connects you with experienced property managers, contractors, and lenders, ensuring a smooth experience.

The more details you can provide a lender, the better since, on these bridge projects, we use your scope of work and materials to assist with determining the ARV of the project.

So there were providers at the events offering rental props and there were other lenders like me providing boutique financing to those folks  so they spent the dollars never did anything with what they learned at the 5 day event but could fly home knowing they now have 1  2  3 4 rentals. :).

It’s been on the market for a while now because he keeps rejecting everybody’s offers.

The opinion of appraisal is for lenders to get a better idea of value to lend on.

I am looking to gather a few more quotes from local lenders.

The toughest thing might be if you decide to use it as an Airbnb because the "income" of the property is a big factor in determining the type of DSCR lender that you can use.

Check out distressed properties, like foreclosures or inherited homes, and chat with local lenders or estate agents who might have the inside scoop.

If it helps, feel free to connect so we can chat a little bit and then I can try to get you connected with a few lenders with the potential to help.