Joy Daniels
How Do You Stay on Top of Trends and Rules in Short-Term Rentals?
23 January 2025 | 11 replies
Feel free to ask any questions here in the forums and I'm sure some of the amazing hosts in here will be able to help at anytime.
Chris Allen
Selling Home on Sub-To
9 January 2025 | 9 replies
Penalties of these Federal charges may include:30 years in prisonUp to $1 million in finesIt's a Federal crime.I'm not currently at foreclosure, but am recently out of state starting grad school, no income, and home needs repairs that I simply do not have the money to make.
Mackay Oakey
What are your Real Estate Investing goals in 2025?
27 December 2024 | 22 replies
Like many MTR hosts, I feel like it's a big risk to list my properties on Airbnb for longer stays.
Randee Erickson
Blue Gate Capital - are they legitimate?
17 January 2025 | 37 replies
It included my real name, our real home address, and what was probably a Google voice number.
Pierre Tran
Advice Needed: Options to Cash Out My Equity Without Disrupting a Seller Carry Deal
12 January 2025 | 1 reply
Together, the property nets us roughly $1,400/month after expenses.Equity Split: My partner owns 60%, and I own 40%.I'm exploring ways to take out my equity without disrupting this deal, as I feel this isn't the best financial decision for me right now.
Rosmery Then
Seeking Advice and Contractor Recommendations for a Fort Lauderdale Multifamily Conve
23 January 2025 | 8 replies
A good designer and architect are key for a successful project like this and keep in mind these aren't cheap.There's a lot more details to consider, feel free to DM me for more details.
Brandon LaRose
Loan to Finance My ADU ( Not a 1st/2nd Mortgage or HELOC)
14 January 2025 | 1 reply
Feel free to PM me.
Chad Jones
HELOC to fund a rehab?
28 January 2025 | 11 replies
Feel free to reach out if you need any assistance or have any questions!
Zachary Kotiadis
*Using an FHA loan, can I move during the first year?*
17 January 2025 | 9 replies
HUD 4000.1 (I believe) is the latest HUD handbook and it goes over all requirements for originating the loan, including but not limited to occupancy requirements and exemptions.FHA occupancy : "At least one Borrower must occupy the Property within 60 Days of signing the security instrument and intend to continue occupancy for at least one year."
Shakthi Kamal
Is a min of 2% rent to price ratio needed for positive cashflow in today's market?
6 January 2025 | 2 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.