It was a beautiful piece of land though on a private lane, with municipal utilities.

It was very distressed It was a beautiful piece of land though on a private lane, with municipal utilities.

Purchase price: $62,000 Cash invested: $40,000 Sale price: $150,000 Beautiful total remodel in Kansas City’s Oak Park neighborhood.

Purchase price: $62,000 Cash invested: $40,000 Sale price: $150,000 Beautiful remodel in Kansas City’s Oak Park neighborhood.

Thanks to the help of you all, as of September 29th, I close on my first STR deal in the beautiful Black Hills of South Dakota.

That’s the beauty of long term real estate acquisition.  

The beauty and purpose of these loans is exactly what you stated - keep you current mortgages is place, and obtain a 2nd mortgage up to 75% CLTV (1st + 2nd mortgages combined).

However I quickly realized it was impractical as it was far from friends and work I have live here 3 years total but every time I find it peaceful and beautiful but ultimately not worth the extra 15 min drive.

Really you have to work backwards to solve the problem here, and having leased both dated and old units and also beautiful new units I can tell you that the beautiful, new unit will also get you the best tenant. 

Hello all, I hope you are having a beautiful day.