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19 August 2024 | 7 replies
HOAs can limit your ability to rent the unit too so you'd need to scrutinize the HOA bylaws to see if rentals are allowed or if there are any restrictions on rentals such as owners can only lease their unit for a max of 1 year etc..
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20 August 2024 | 16 replies
It adds a personal touch and helps guests feel more at home.Things to Be Aware OfLocal Regulations: Check local short-term rental regulations, including permits, taxes, and any zoning laws that may affect your ability to rent the property.Cleaning and Maintenance: Short-term rentals require frequent cleaning and upkeep.
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18 August 2024 | 9 replies
This could give the ability to have a better and higher appraised value along with selling it separately from the main structure (main SFR or SMF).
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16 August 2024 | 0 replies
House hacking is the way to go for sure if you are a traveling artist.
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20 August 2024 | 45 replies
My $.02 is try a "rent to own" scenario where they pay market rent until they have the ability to save and actually buy the home from you.
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19 August 2024 | 8 replies
Most HML are using a large LOC that dictates their underwriting criteria they dont have the ability to change that criteria lest they be out of compliance with their money source..
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18 August 2024 | 11 replies
Or, don't have the ability to understand what's significant and what's not.
16 August 2024 | 2 replies
A bank will not go above 75% typically so you have no ability to borrower or maybe get out $20kIn this environment with high prices and rates - I personally don’t think it makes sense to borrower for a down payment as you are just over leveraging with multiple sources of loans.
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20 August 2024 | 21 replies
Property managers can handle tenant screening, lease agreements, rent collection, and even routine maintenance with a network of reliable contractors, which could save you the headache of finding a trustworthy handyman remotely.That said, if you feel confident in your ability to manage these aspects remotely and have reliable contacts in place, you might be able to save money by doing it yourself.
17 August 2024 | 11 replies
I personally think it's a smarter model than the big box right now, but you will get more real life training at a big box.Actually Jonathan, my goal is to offer agents the ability to be an agent-owner of their brokerage by receiving stock awards, and the opportunity for monthly passive income streams that sure help you to 'get buy' in a down market when commissions aren't coming in.