Cash Plan to refinance when rates are more favorable How did you add value to the deal?

Even finding a distressed property rarely leads to enough cash flow to make it worthwhile, especially in today's high-rate environment.

Loan should be CTC within a week of contract and investors enjoying the property and filing their STR permit application for Summer..Rate on a 30 year fixed was in the high 6%'s...big job's report tomorrow that could accelerate rate cuts..stay tuned! 

CASH FLOW in RD is excellent they provide great cap rates.

Disputing appraisal on comps chosen and providing my own comps has not been very successful for me.  

North Broward Area (Undergoing Gentrification)Type: Triplex Units: Two /1-bedroom units Current Rent: $1,500 per unit, month-to-month leases Tenant Quality: Great tenants, familiar with the neighborhood, payments made regularly with sufficient funds Potential Rent Increase: Neighborhood improvements and upcoming developments suggest potential rental rates could rise to $1,800 - $2,200 within the next two years Upcoming Development: A new $2.2 million road is being constructed in the cityCurrent Market Value: $680,000Current Cash Flow: $1,500 per unit, 3 units totaling $4,500 per month Condition: Needs some work Price: $435 ,000This property is a prime investment opportunity in an area poised for significant growth and appreciation.What do you think?

With DSCR loans the base rate works off of credit score and LTV, think of an x and y axis.

Once the project is complete, you determine market rate and buy out their share.Let's say it cost $60,000 to build the house and it is appraised for $120,000 after you are done (not including the land, which you already own).

The outcome of the Sardony Lane deal in Charlotte, NC, was highly successful.

Our current interest rate is 4.32% with a 15 year note.