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10 November 2024 | 4 replies
You may have room for another VA loan.
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9 November 2024 | 23 replies
I have never been to any of the properties I own in Atlanta and closed on all of them from my dining room table in Long Island.
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10 November 2024 | 1 reply
We are getting a sofa bed for the living room of our STR.
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12 November 2024 | 7 replies
It has a lower turnover than STR but can bring in higher rent than traditional leases.Co-Living Arrangements: Renting rooms individually on a month-to-month basis could generate more income than a single long-term lease while reducing management hassle.Furnished Long-Term Rental: A furnished rental could allow for higher rent and attract tenants who don’t want the STR commitment but still value flexibility.Partner with a Local Boutique STR Manager: Some local companies manage STRs with lower fees than Airbnb's traditional managers and could help keep profits up without 20% fees.Hope that helps you with your decision!
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11 November 2024 | 11 replies
Since you're in the military, check out War Room Mastermind by David Pere if you haven't already.
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10 November 2024 | 9 replies
That being said, I scrapped the idea and bought another rental property.One hack to consider, a colleague of mine finished a third floor, made the third floor the living room and kitchen and the second floor the two bedrooms because that scenario avoided the need for a second means of egress.
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8 November 2024 | 6 replies
Nothing can replace you being in the room when both small and large deals are being talked about.
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4 November 2024 | 24 replies
@Kitty Walker- As an investor, I've refinanced multiple Padsplits and co-living properties (where we go direct to tenant without Padsplit), and I generally agree with your last statement, with some caveats:- if the renovation is done well, the appraiser may not even say anything that would indicate it is an "abnormal" SFR (has happened multiple times with me)-the investor may be wise not to make the house crazy- just leave a nice open living room, put double doors on the dining room so it can function as a bedroom now but be easy to convert later, etc.
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14 November 2024 | 12 replies
Hopefully with relatives that have spare room to rent affordable.
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6 November 2024 | 42 replies
It's always been my investment thesis to thread the needle of a place where a lot of people go but is not top of mind for rich people to own a second home.I like National Parks or Nat'l park sites that get 1M+ visitors per year but are not the big ones (Yosemite, Yellowstone, Zion, Grand Canyon, etc.) and have a median home price below the national average.