Our fearless forecast is that the next 2-3 years will bring near historically low mortgage rates as part of the Administration's - notably Fed nominee Stephen Miran's proposed monetary and interest rate policy.  

I told them I didn't have the available cash for the renovations and they proposed since i mentioned before I had just opened a large line of credit on my biz credit cards which have 0% interest for 12mo, if I would be open to letting them use the cards for the renovation and once they receive the draws from the HML they would then wire those draws back to me to pay my balance off.

😂@Russell Brazil @Jay Hinrichs @James Wise @Chris Seveney @Don Konipol @James Hamling @Bruce Woodruff @Scott Trench @Jonathan Greene @Shiloh Lundahl @Steve Vaughan  and if I left you off this list it might be because I just couldn't get you tagged properly :)I don’t think most of the inexperienced wanting to get into wholesaling real estate or rental arbitrage are thinking that they want to get rich quick with little effort, or that what they propose to do adds no value.

If you are going to buy the types of properties you propose, make sure you have a clear and defined exit strategy and way to convert those properties into better quality properties.

The reality is folks come to BP to hear the good and the bad.. and what you propose simply is super high risk..

Many people don't realize that even a title commitment, a contract where the insurer agrees to insure title if its conditions are met, limit liability to the amount the proposed insured spends in trying to meet the commitment requirements. 

The proposed scenario and numbers I’ve given would be for next year, when there would be an additional renter there to take my spot, totaling 6 renters.

Then once I've got all my proposed changes in place, I PAY my local experienced landlord / tenant law ATTORNEY to review and sign-off on the new lease version.

The purchase price is $6M.Deal Structure (Proposed)Equity: $800k–$1.2M (I already have $400k committed)Seller Financing: Remainder (~$5.2M–$4.8M) at 6% interest-only with a 5-year balloonInvestor Terms: Offering 8% preferred return + equity participationFinancial SnapshotRevenue: ~$780k/year (3-year average)Operating expenses: ~$300k/yearNormalized NOI: ~$450k–$480kWith seller note + investor pref, the deal is tight at current occupancy (~43%), but becomes strongly cash-flow positive once occupancy improves back to historical levels (~60–65%).The OpportunityHistorical occupancy was ~65%, but recently dipped to ~43% due to management/marketing issues.Strong potential to restore performance through better operations and marketing.New Orleans remains a top U.S. tourist destination, supporting long-term demand.My AskI already have $400k committed from an investor (10% equity).

First step is showing your ability to propose a business case with all salient details so that the experts here can get a bird's eye view and have something to comment on....