All Forum Posts by: Keith Martel

Thanks, John. Hartwell has been on the list. This is the lake my folks live on. Which, for us, adds a bit of attractiveness. Murray needs to do MUCH more with hospitality. Estimates on airdna still look good for some of the price points.

My wife and I have three targeted areas for possible str. We just added Lake Murray to the list. Any Lake Murray folks here? Looking first around Chapin, but we are open. Will need an REA that knows a thing or two about STR. I'd take any general thoughts on renting in the region. We'd go lakefront.

Thanks!

Thanks, everyone.

@Alex S.thanks for the laugh... and the feedback.

@Joshua Strickland It is definitely virtual staging. We're trying to get our agent out to check it out ASAP. (The mountains should be real. 

BTW, are you doing STRs in Georgia?

@Michael Baum Good call. Since it would require furnishing, this would not be terribly hard. Not to mention all that white furniture would be a bit of a nightmare.

@Dustin Allen, thanks for chiming in. I agree that it is sharp. Location is good. Views are excellent. A little worried people go to a mountain cabin to feel like they're in a cabin. Granted, this also would make it stand out. 

Quick Q: We're looking at a cabin for STR. It has been completely rehabbed. I think it looks great, but by painting much of the interior, they removed much of the cabin feel. Anyone have experience with renting cabins that don't feel much like cabins on the inside? Anyone want to just chime in?

Thanks, folks. Magistrate ended up saying we should go through the process to be safe. Since there is significant amount of personal items in the apartment, he could have legit legal recourse.

We're looking at $150 and probably 3 weeks, so better safe.

Time for our first eviction! I hear you never forget your first.

So... we purchased a triplex and inherited one tenant on MTM lease in PA. From the time of closing, we've never seen the tenant. Our property manager talked to him once and told him he'd need to get him on a new lease. Since then, the tenants phone number has been disconnected, he's never answered his door, or notes attached to the door.

Finally, we posted a ten-day notice to quit on his door. The notice remained there, untouched, for twelve days. 

Our PM went in and there's a lot of stuff left behind... as if someone is living there. Granted, there's nothing in the fridge.

We've read competing arguments about similar situations. 

Do we go through with an official eviction or bag the dudes stuff and store it in case he comes knocking and get along with turning the apartment over?

Thanks, @Chris Mason and @Jaysen Medhurst. I'm fine going with this rate on the HELOC following it with a Refinance. Just making sure I wasn't getting taken on the rate in the mean time.

Hey, folks,

New to the forums here, and I've been inhaling everything BP over the past couple of months.

Short Story on Us: A couple looking to get into our first deal(s). Our town has a lot of single-families and duplexes that sell for under $50k. We're looking to purchase with a HELOC and most likely refi once we're able to.

Our local bank (which we love in so many ways) is offering a 100% LTV on our primary residence at $85,000

We received the terms back for the line. Here it is:

Also: $60 per year fee.

So, here are my questions:

That variable rate is high, right?

If so, what do people recommend moving forward? Honestly, we feel more comfortable using a local bank since we are just getting started since we can interact face-to-face if necessary. Is this unwarranted?

What is a reasonable APR?
What would you do? .

Thanks in advance,

Keith

PS: I did some searching around on the topic.