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All Forum Posts by: David Woolfork

David Woolfork has started 5 posts and replied 7 times.

Post: Short term rental properties

David WoolforkPosted
  • Investor
  • Poplar Bluff, MO
  • Posts 8
  • Votes 0

I apologize in advance as I know this topic has been thoroughly discussed. What are your opinions on Short-term rentals? I'm imagine some investors on here have a mix of both short and long term rentals. Do you have anymore profit left at the end of the day vs a traditional rental? Do you encounter more or less issues with managing/holding these properties? Just trying to get the pulse of the community. I'm considering getting into that niche of REI. Thanks in advance.

Post: 24 Unit Apartment - Need 4 equity partners (passive)

David WoolforkPosted
  • Investor
  • Poplar Bluff, MO
  • Posts 8
  • Votes 0

Ashley, if this is still available please send me the details. [email protected]

Post: Low income rental houses

David WoolforkPosted
  • Investor
  • Poplar Bluff, MO
  • Posts 8
  • Votes 0

@ Chris T. Thanks for the info.

Post: Low income rental houses

David WoolforkPosted
  • Investor
  • Poplar Bluff, MO
  • Posts 8
  • Votes 0

I wanted to get some feedback from fellow investors about having rentals in the lower-income neighborhoods. Is this something that you steer away from, has it caused you more problems on the whole. Has this been no different, better. Let me know. Thanks in advance.

Post: Property Management Companies

David WoolforkPosted
  • Investor
  • Poplar Bluff, MO
  • Posts 8
  • Votes 0

I'm currently looking to invest and hold rental properties in Kansas city, Missouri, possible Springfield too. I would like to hear from fellow investors who use property management who they recommend. Someone who is proactive for the 7-10% they charge per unit. Thanks in advance.

Post: Property Management Companies

David WoolforkPosted
  • Investor
  • Poplar Bluff, MO
  • Posts 8
  • Votes 0

I'm currently looking to invest and hold rental properties in Kansas city Missouri. I would like to hear from fellow investors who use property management who they recommend. Someone who is proactive for the 7-10% they charge per unit. TIA.

Post: Delayed financing exception

David WoolforkPosted
  • Investor
  • Poplar Bluff, MO
  • Posts 8
  • Votes 0

Please help this BP newbie out. I've been reading posts on the "Delayed Financing Exception" by Fannie Mae.  Lets say that you pay 70k all cash for a house and the house is appraised at 100k. As I understand it you get to pull back out your 70k plus the closing costs? Do you get to pull out more if you do some rehab and it appraises at say 120k? This sounds great from what i've read just want it in newbie/laymans terms of the ins and outs. TIA