Occupancy is the same for us but we did have to decrease prices by about 10-15% in order to hold occupancy.that said, we are still doing great in NE GA mountains.

It would be more expensive rate wise not closing wise to get a higher interest loan for the 12-18 months while waiting for the permits, also depending on the term of the loan.

Most would agree the top three are interest rates, taxes and insurance.

Just playing devil's advocate - if you do manage to get 80% of 185k, would the property still cash flow with current rates on DSCR loans?

This investment property was financed through a locally trusted and long time friend that's a hard money lender with an 8.5% rate .I acted as negotiator, real estate agent, funded the purchase, and project manager for this rehab while partner was out of town working and kept him updated remotely.

This investment property was financed through a locally trusted and long time friend that's a hard money lender with an 8.5% rate .I acted as negotiator, real estate agent, funded the purchase, and project manager for this rehab while partner was out of town working and kept him updated remotely.

This is where I found the best rate for me in TX and I was able to lock in a fixed rate back when the interests rate weren't crazy high.

I plan to ease my way into REI by renting out my current house (with those COVID-interest rates!)

. :')I'm curious if people do LLC and pay a higher interest rate, or do personal ownership and buy an ~$1MM umbrella policy to help protect.

If you could provide a general overview or a step-by-step guide at a very high level—focusing on vacancy rates, capital reserve expenses, expense ratios, and any other crucial details—it would be greatly appreciated.