- Residential purchases, remodel/repairs, and re-sale (flips).

I recently learned a little about unsecured loans and wondered what everyone was using as a go-to bank!

.- Hard Money lender: 90% purchase LTV, 100% Rehab, 11.5%, I/O- Commercial Line of Credit on the funding gap: $13.6k (DP), $12k (CCs) , $15k (Rehab 1st phase) + Carrying Costs = $50kProfit will likely be $15-20k, depending on the rehab and sales price.I continue to learn from others and have gained my experience over the past 18 years as a RE investor.

I am actively placing offers in LA County but the price points/interest rates are so high right now I wonder if this is a smart time to buy?

the answer i'm giving is based on the assumption that you do not want to / can not float the negative cashflow any longer. and note: even if appreciation / debt paydown / tax benefits strongly outweighed the negative cashflow, most investors wouldn't want to / couldn't float that. so that said, i say SELL. you have just over a million dollars in equity (minus transactional costs when you sell), and you could do a 1031 exchange into a ~4 million dollar CASHFLOWING property. i invest long distance into value-add multifamily on the west side of chicago. gearing up for my next deal right now. in that price range you could easily get a value-add multifamily with potential to cashflow 15k/mo+++ (up to 40k/mo) once it reaches its full potential. it sounds like you're in markets that are probably strong for appreciation and weak for cashflow (with the long term rental strategy). if cashflow is your goal, 1031 into value-add multifamily in a higher-cashflow area. don't let having to pay commissions during the sale stop you. you're already losing so much annually; you have to stop the bleeding at some point. also note that right now, with the way these two properties are losing money, that might negatively affect your borrowing power when you go to buy the family home. feel free to dm me if i can help in any way!

Remember to consider the equity your tenant is building for you when you compare rent vs sale.

Currently we are seeing STR owners posting for sale due to reduction in prices they can get per night and the vacancy rate increasing.

I know a lot of agents will use this without having a buyer.I was wondering if anyone knew of a template that is effective and reduces the need to lie on the letter.Thanks!

If yes, I sell that stock and use the loss to offset the capital gains I will have from the sale of my ESPP shares.If you really don't WANT to sell anything else in your portfolio (that will cause a loss) you could do a 'wash sale'.

., but I was wondering if anyone knows of some good areas to invest that are perhaps less obvious.I'm not asking just because I don't want to put in the effort.