We’ve recently began meeting with our investors one on one and finding out their goals and figuring out the best way forward for their specific needs, but to truly provide ongoing education in-house is a great idea! 

The zoning is RS3, so we'd have to wait til ADUs are allowed city-wide + dig down to meet the ceiling height requirement if we want to make it a third legal unit which is not something that financially makes sense right now.  

Rates range from 8.75-9.2% but I know you'd need more information.  

Wisdom is knowing which is which.We do something a little bit differently, we buy "off market" and take over thier loan & we expect to get low interest rates and equity up front like this.

Airdna shows the avg. daily rate around $400, which sounds really good to me and occupancy at 56%.

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

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! 

Back in here after meeting Mindy Jensen on a recent cruise ☺️My situation: bought my first home in Fredericksburg, VA in December 2019.

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

If they do not meet the criteria, show a bad history of paying on time, or owe a prior landlord then it doesn't matter how nice they seem - they will continue being who they have been in the past.