Hi, I've seen several posts on how FM condo rules potentially affect the selling of condo units.

I am a licensed agent who sells investment properties and we have had a lot of success selling over in Rocky Mount!

This was on KSL as well and the sellers were very very motivated.This year I have also purchased two single-family homes that I am rehabbing and both allow for lot splits so I will have a renovated home to sell or rent and a free and clear lot with each one.

I would be doing eviction process while waiting for cash for keys

A Stanford study revealed that over 75% of the ADUs built in San Jose between 2016 and 2020 did not have a permit and are therefore illegal housing units.The lengthy permitting process, high construction costs, and shortage of tradespeople are some of the factors motivating property owners and contractors to take on the risk of building, renting to tenants, and/or housing family & friends in an illegal unit.

It makes it more risky with vacancies/turnover and if an investor needs/wants to exit quickly.2) Our price points are very low entry so many can easily purchase with all cash.We also choose to not deal with the logistics of when it comes to selling a property via finance.I have always believed that "less is more" and could easily triple our sales volume if we wanted to sell via financing.So at the end of the day it's a decision which in our eyes protects investors long term interests and a business decision to minimize financing hassles on the back end.Much success

I would like to do a cash out refinance, but I'm nervous about the process.

You'll need to market to homeowners for months/years before they decide they want to sell their property.

I used the process described above and that apartment still smells brand new today.

Rates drop and selling prices will go up.