My name is Neil Beller, attorney at Law, and I represent Real Estate Sales, LLC – Flip Cheap Houses ™.In 2017 Tyreke Gardner and N’shaina Boyd made essentially the same complaint to the Better Business Bureau in New Mexico.

Doing it as you say is essential and then learning from your actions.

When doing your calculations - be sure to include principle, interest, property taxes (what your new ones will be - not what the current ones are - because after 1 year they reset to what you paid on the property), property insurance, and a maintenance reserve (we use $100/door/month on maintenance).  

Then think about if the property itself is a good candidate - this is the hospitality industry, principles of desirablity come into play.

They can typically schedule inspections quickly, which is essential for your situation.Palmetto State Home Inspections also comes highly recommended.

If you're planning to continue growing your portfolio, having an LLC is never a bad idea for that extra layer of protection.Regarding your decision between a HELOC and a DSCR loan, it’s essential to weigh how both options fit into your long-term goals.

I LOVE these deals because you will essentially get a free loan for that duration to complete your renovations.Best of luck with your two projects this year, and reach out if you want to discuss more details.Phillip DakhnovetsGuardian Property Management & MaintenanceHi Elvis, you will need to fill out a constrcution permit if you are doing a major renovation, which requires a inspection from the city to ensure the code is followed.

We've been educating ourselves on creative financing and Subto and would like to know if there are recommended professionals in the DFW/ Texas area who are experts on structuring a creative deal who can essentially advise us and take care of the process for us. 

Overall, rent-to-own can be a viable path to homeownership, but it’s essential to do your homework.

Hi Jen,When considering the purchase of a condo for short-term rentals, especially one that’s around 40 years old, it’s essential to approach the process thoughtfully.