Long/medium/short term rental?

The original owner has a ton of exemptions so she only pays $400/ year on property taxes.

This is not turnkey management long term as well.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

Hi Bigger Pockets community, wanted to learn more about short term real estate investments, and house flipping from a local in the Seattle area.

CLTA policies.Negotiate Terms: If feasible, negotiate with the seller or title company to potentially upgrade to an ALTA policy if it provides greater peace of mind for your client and enhances future marketability.Educate Buyer: Ensure your client fully understands the implications of the CLTA policy versus an ALTA policy, including potential impacts on resale and buyer financing preferences.While lenders can generally lend on properties with CLTA policies, buyer preferences and market dynamics may vary.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

What terms are they offering you?

I've seen 100 different structures. there's bigger players, more capital, a lot depends on the deal, track record, debt amount, returns, pitching to funds is way different. we separate construction financing and long term financing for the clients that build with us and help educate them.

Remember real estate is generally a long term investment and plan accordingly.