10K back at closing is wonderful!

If everything goes right I will be able to refinance and will have created 25% equity, or I may end up having to bring $10-20k to the refinance to get the 75% LTV depending on the appraisal, but even if that's the case it's still a great deal.

I was back out the next day putting up sticky notes, and we continue doing that every weekend along with driving for dollars (D4D).Our real goal is to focus on BRRRR (Buy, Rehab, Rent, Refinance, Repeat).

This campus hosts a large Magnolia home goods store, high end furniture store, cupcake bakery, coffee shop, gardening shop, live music concert venue, large grass area with toys and balls for kids to play with, an open plaza with eight food trucks, a small baseball field (that Babe Ruth once played on and families can now play on for fun), a restored historic chapel (the oldest chapel in Central Texas), and six boutique shops with men, women, and children's products.

Sounds like they have a back door deal where the lender or loan officer and builder or realtor all benefit from using each other (which is illegal).

But at the end of the day, well located properties in which the owner has ample liquidity to ride out long-term cash flow negative periods, rarely lose money.  

Looking back 10 years this complex had dues increase for most years at around 3% but for 2023 it was 18% and 2024 19%. 30+ year old complexes really start wearing down and many times were not the highest quality construction.

The West End really could be revitalized and get fresh investment if it were breathed upon.

My goal is to close my first deal by the end of 2024 and start the BRRRR strategy.My strategy is to focus on single-family homes priced up to $150,000.

In this instance, I would enjoy the dispute and clearly will not be backing down.