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7 September 2024 | 36 replies
I had the listing on Avail (which I use as a rental manager, and posts to many other popular rental sites), Zillow, and Facebook Marketplace.I already have a Section 8 tenant at Property #1 (which I acquired during the purchase), so I'm not opposed to the program at all, and to be honest, they pay above market rent in my area, so that worked for me.
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5 September 2024 | 8 replies
@Ryan Paltridge I have helped 3 BiggerPockets investors buy 4 STRs in Scottsdale in the last 12 months.My recommendation would be to concentrate on zip codes in popular locations that also have more non-HOA options.These would be 85251, 85250, 85257 for options near Old Town.
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7 September 2024 | 12 replies
If you are thinking of buying and holding, Pueblo West is your best bet.
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6 September 2024 | 13 replies
It's an incredibly popular change, so I'd be surprised if we don't see it again.As to the retroactive point, it's not happening.
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6 September 2024 | 20 replies
bridge would be your best bet from a private lender
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4 September 2024 | 5 replies
Some locations may have "pockets" of high density student housing that proves to be more popular than a house across from one section of campus.
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5 September 2024 | 10 replies
Admittedly I am new-er to the Valley, but from driving all over it, it seems that the West Valley is going crazy...they are building as fast as they can. 2 new chip factories and tilt-ups everywhere.I'd bet on the West Valley if it were me....
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8 September 2024 | 168 replies
I've seen lines of credit on WSJ Prime, Prime, COFI index, Treasure maturity indexes, Libor, and many others.A popular 1st lien HELOC primary is a primary and secondary residence product (non investment properties) and it can go up to 75-80% LTV which doesnt sound too high, but the max loan amount is 2,000,000 vs typical HELOC (home equity lines of credit) that cap out at 350-500k.
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5 September 2024 | 2 replies
In fact, there are even financial markets that specifically bet on future levels of the Fed Funds Rate (unsurprisingly called "Fed Funds Futures").These futures correlate very well with certain bond yields which, in turn, correlate very well with mortgage rate movement.
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5 September 2024 | 35 replies
I am betting that those with the biggest regrets are those that bought at the wrong time expecting COVID level occupancy was normal and those that didn't take the time to learn what it takes to run a successful STR.