As someone new to selling property, I had expected to pay around $5k, so this figure seems quite high to me.Also, I've already scheduled to sign the closing documents on Monday, April, 8.

It's a testament to the power of experience, relationships, and sound financial strategies in building a successful investment portfolio.The plan?

@Gladys Cepeda I highly recommend the Starting Out Forum or the First-Time Home Buyer Forum to read other people's similar questions and learn through the advice they received.

Have Some Liquidity On Hand When we invest in your project, we commit to do everything in our power to help you succeed.

Assuming you are inquiring for the Myrtle Beach market, the average (across the 5 submarkets and all property types) is for 72.5% to require 2 nights or less (46.5% have no requirement).This is highly variable by ZIP code and property size/type, however.

Good luck with the project.It supposedly has a very high 'pigment count', seems really good.

With borrowing rates as high as they are, it could be difficult to maximize income by 1031 exchanging into a rental that is both (a) financed, and (b) in an urban area where prices may still be close to 2023 peaks. 

I highly recommend trying out some of the free trials the different softwares have and seeing what works best for you. 

Prices are at all time high and rates are near highest in past decade. 

@Samuel Metcalf- Most HELOC lenders  only lend on primary homes ...the  few lenders that do HELOCS on  rentals will likely have a low  CLTV   ( and a high margin over prime  which will lead to a rate in double digits ) .. check  with the banks / credit union located close to the property  and  also maybe there will be some feedback on this thread  pointing towards lendign sources that might work