Conveniently located for commuters, a bus stop is merely 10 steps away, making it an ideal residence for those seeking both luxury and practicality.

I have recently been running into the issue of having investors go out to a deal with interest and then talking themselves out of the deal on the way home.If you have run into this issue before as well and have overcome it, what are some good strategies to secure the deal before leaving the driveway? 

Most buyers do prefer a newer home, however given the downtown location and the history its not easy to find something younger than 40 - 50 years old.

Factors like your home's size, location, and any improvements made play a role.

Without clear terms in promissory notes with punitive measures to set standards for performance, and security against the subject property, there's little incentive for timely repayment.🛑 Insufficient property equityLending without enough equity in the secured property as-is can leave you unable to recoup your investment in case of default.

I don't have a 100% bulletproof answer for you because these numbers are subjective and vary based on factors, like; Location, Market, Investment Strategy, etc...

There is ONLY ONE main reason, I would not use Quicken for rentals:  security deposit.

In this post, I share with you the pre-construction investment benefits in the Dominican republic in the tourism sectors like Punta Cana, Puerto Plata, Sosua, and others.Among the benefits of acquiring properties on plans are the following:1- Capital Gains: the increase in the value of a property over time, due to different factors, such as accessibility, location, within the urban environment, services and infrastructure, and urban and architectural value.2- CONFOTUR tax benefits: law 158-01, which establishes tax benefits for real estate investors in the country's tourism sectors, which grants the benefit of tax exemption for 15 years.a)- Real estate transfer tax 3%.b)- Real estate asset tax (IPI) 1%.3- Financing available with an interest rate of 0%:Which works depending on the policies of each project, it normally works as follows.a)- the unit must be reserved from $2000 onwards.b)- They are given an approximate period of 21 days - 30 days to complete the downpayment 20%.c)- it is financed in monthly installments without interest until 50% of the value of the property is reached at the time of delivery 12-24 monthly paymentsd)- the remaining 50% can be financed with a bank or you can pay it cash.4- Resort administration: which guarantees monthly profitability and a return on investment which we could talk about by a zoom meeting..Thank you

I have another rental property free and clear and considered securing the funds by taking a mortgage out on it.

You cannot personally guarantee the loan, the real estate must be the only security and thus have sufficient cash flow.