Unfortunately, factors like a hardening property market, inflation, labor shortages, increased building costs, and an increase in claims frequency and severity have caused our carriers to require increases to both rates and coverage amount minimums to keep up with these market conditions.

I have saved up a decent amount where I can now put a down payment on a home.

These are Visio, LendingOne, @Timothy Hero as broker for a portfolio loan on 8 properties (if I remember the number of houses correctly) followed by a STR purchase, and I used Sortis for short term bridge financing on a property that was hit by hail while under the contract period so we had to switch to a different product until we fixed it up.

The loan amount on the first deal really shouldn't go over 250k. 

Hi, I have opportunities to fix and flip on Long Island, NY but unfortunately do not have the cash for it.

It's also important to understand the amount of committed capital relative to assets under management (basis, not appraised value).

The other clear takeaway is - by increasing the amount of guests that you're able to accommodate in your Airbnb, you're likely to increase the amount you can charge on a nightly basis.

People can afford those rental amounts here

I’m honestly not sure what parcels would end up fetching.I see some going for his little as 50k then others for a lot more in the area with seemingly similar characteristics.I think fixed up the house should fetch at least high 200k range but the home is right in the middle of the total footprint so if I decided to keep the home then I could probably only get three parcels out of the property instead of four.If anyone knows any good general contractors that can do end to end w the southern jersey area that would help.

My goal is to see what if any amount over normal market value you would pay to be able to assume the loan / What would you change about the deal?