All Forum Posts by: Lev D.

Hi folks,

Does anyone know of platforms other than AirBnb that allow to rent out private rooms as an STR? Looking for an alternative. Does booking.com or VRBO allow it?

Thank you!

Hello everyone,

I'm seeking advice on coordinating a rental for a property I recently purchased in the 48602 area. The house is a 3-bedroom, 1-bathroom, 1,300 square foot home currently undergoing a full renovation (interior). I'm weighing the options between renting to a Section 8 tenant or a traditional renter.

My goal is to rent the property for $1,100 to $1,200 per month. I'm wondering if Section 8 is the right path for me. Can anyone explain the process for renting to Section 8 tenants in Saginaw? What are the necessary steps, and how long does it typically take? Additionally, is it feasible to manage this without a property manager?

Thanks in advance for your help!

I'm working with a real estate agent. But wanted to get a 2nd or 3rd opinion

Hi folks,

I'm looking at a couple of fix and hold projects in Detroit area, that is definitely going to require a reliable team/contractor. Please respond with any recommendations and I'll take it from there.

Thanks!

Could be a silly question. I'm doing a BRRR in Birmingham AL. Working with a local bank on the refinance. I was quoted a 4.35% interest rate. The bank is saying that it is a higher rate due to me being an investor. Is this common/normal? Or am I doing something wrong here?

Seeking genuine guidance.

Thanks!

I'm thinking about buying a plot of land in and around Killington Vermont ski area (or perhaps another ski area in Vermont) and building a new home there, in hopes of doing short term rentals. Does anyone know the process, getting permits, costs associated etc. Curious to know if anyone has done this and what are the pro's and con's.

Thank you.

@Dennis Wayne thanks, my question was more around the financing. Not how good the actual deal is.

Hi, this topic may have been covered before, but I wanted to get an opinion on this. I'm a brand new investor based out of NYC, looking for advice/opinion.

I'm currently under contract for a single family home in Birmingham, AL. Buying property for $33K, and looking to turn it into a cash-flow section 8 property ($700 monthly rent). House was appraised at $65K in October 2020. Ultimately I'd like to refinance the property, but not sure if I can find a local lender and build a relationship without physically being there.

My back-up plan and what I'm leaning towards is refinancing my NY co-op which I own out right (primary residence) - similar units sold at $195K and I've contacted a local credit union and confirmed that they can refinance 80% of the home value at 3.25%. That will give me a decent amount of cash flow to expand my out-of-state operation.

Should I pursue refinancing the B'Ham house with a local lender? Or simply refinance my current place and have about 150K to play around with?

Thoughts/opinions are welcome.

New investor in Birmingham AL area - I'm closing on my first property, that I intend to turn into a Section 8 rental. As an out-of-state investor I'm looking for a qualified and reliable property manager. Look for recommendations. So far I've been recommended First Choice. Can anyone speak from their experience?

I'm an out of state investor - have a small network in Birmingham, AL. Would like to get into Section 8 rental housing. Looking to hear of any challenges? 

1) Has anyone successfully built and managed this from out-of-state

2) Can anyone recommend a property management firm that specializes in Section 8 house (with a good reputation)

Any additional info is welcome!