It'll just have more second homes than ever before.

I would look for alternative land options that you could use for RV parking since RV parking at homes is very difficult and people don't use their RVs much, but there are a lot of RVs in Texas.

A Closer Look to Broward Single Family HomesClosed Sales: In June 2024, Broward County witnessed 1,138 closed sales of single-family homes, reflecting a 9.4% drop from 1,256 sales in June 2023.

I'm Ola, from Ireland, passionate about real estate investing, I'm particularly passionate about shortlets and vacation homes rentals/management.Outside of real estate, I enjoy buying & selling, investing, reading, writing and walking.Excited to learn and connect with you all!

We purchased the home on 6/7/2022 for $200,000 and sold it the same day for $233,000.

DSCR may be a great option for you if you’ve got solid tenants in place in your two homes.

Many banks won't do a traditional HELOC on an investment property, but they will do a Line of Credit, usually at 75-80% LTV, which typically renew yearly.

If you add 2 ADUs traditional conventional F/F is typically not available but in this case the 2 units makes 5 unit.  5 unit s commercial MF with different rules and means to value.

thanks James, in analyzing regional data, Louisville continues to show a strong local economy, with a decent trend in the growing rental market, lower median home prices and values, good reasons to make it appealing to us since we are looking to expand our portfolios, providing more affordability to enter into this market ... besides, good friends live in this city ... our visit will make it a business expense :)

Do you think there are better rates available, or is this typical for business loans at the moment?