Quote from @Sylvia Castellanos: A year ago I bought two quarter acre vacant lots in Villa Ridge located within a few feet of each other around the intersection of Lavonna Drive and Lynn Drive with the intention of reselling them.

I don't know about this cap rate projection, at least in CRe-Retail we project out a 10 basis point rise in cap rate for each year the property ages, so the Cap rate may be 5.5% assuming interest rates don't budge, (probably heading higher as US Govt has to deleverage its last 40yr debt run-up, like we did between '45 and '82, and we did again btwn 1899-1920, same 30-40 pattern going back to mid-1800s)I watched all their videos/podcasts/available webinars.

From what I’ve seen, they’re aiming for a higher-end audience, which could be a nice fit for an oceanfront villa.

That way I have extra funds to deduct for damage and late fees for that last month of missed rent. 

For example I offer a limited service product in FL at 10% and I can show I am beating the market 10-12% here through marketing on 15+ channels (Abnb, VRBO, Google Vacation Rentals, BDC, Cap 1 Travel, Marriott Homes & Villas, etc).

I also have some people focusing on lending for construction of Resorts, casinos, villas, beach access/recreation centers/amusement parks, if any of that.Can also do a share of mixed use, or if you have something in your sights that's NNN, can also work off that.

I’ve actually seen out-of-state BRRRRs work well over the last couple years, but only for investors who treat it like a business, not a side project.The key has been building a local operations system (property manager, contractor, and boots-on-the-ground contact) before ever closing.

The market’s not falling apart, but it’s definitely finding a new rhythm after several years of wild appreciation.I’ll break down what’s happening right now with condo prices, how the 2025 summer rental season performed, and how values stack up compared with last year.

Last house we did an accent trim and paint over the fireplace that just blew away most of the people that viewed.

Erik,I am not sure and would never talk in a bad way about any business unless I used them but in the last 8 months I have had several customers reach out to fix what they could not accomplish on really basic overlay issues.I have been seeing a lot of these other AI type LOS type companies drop the ball during the electronic Approve U style 1003/1008 deals that lack typical DU/LP findings.Back in the day we would target this type of company data to reach out and either help on the 6-12 month refinance or the aged leads.