The buyer was informed that the interest rate will be floating because the construction completion date is further away (5 months) according to the preferred lender.

We used our funds to renovate and set up, and financed into a DSCR after 6 months, paying off the PML and pulling some of our funds back out. 

I think it depends on goals and experience, section 8 is a good guaranteed income, air bnb or short term will have higher rents but you will have more monthly expenses (cleaning, internet, lawncare) student housing is another option, and then good old LTR.

Purchase price: $400,000Multifamily duplex in Merry Oaks, each unit is 2 bedroom and 1 bath, this transaction was a Judicial sale sold as is and was subject to 10 day upset bid period with Mecklenburg County w/ free and clear title, 6 months later & Zillows zestimate is $577,100 before any repairs or updates have been made. 1827 Merry Oaks Rd, Charlotte, NC 28205 📍#realestate #realtor #investing #property #houseflipping #realestateagent #biggerpocketsWhat made you interested in investing in this type of deal?

Thank you, increase the number of units and lower your average housing cost per unit. 180k for 1500 in rent doesn't' work. all in triplex we can build with land for 400k with our margin and land and entitlement that rents for 5400 a month in columbus.

No one made an offer, and the agent forgot to take off "Best and final due by May 9th" for a few months.

-Monthly Bug/Pest Treatments?

Last month I see a broken 3/1 in San Mateo for 800k, comp is 1.1; sold for 900k.

@Michael MaxieI think you have a real opportunity in the next 12 months to make some great relationships with brokers.

There's no mention of your income, monthly expenses, DTI, risk tolerance, goals, etc.