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8 October 2024 | 4 replies
It's similar to a vacation rental - is it an investment or a place for personal use?
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11 October 2024 | 15 replies
There are plenty of people that would be interested in taking some cash out of their vacation home while still using it once in a while.
12 October 2024 | 2 replies
You can increase your net worth by investing in assets that appreciate instead of spending your money on vacations, expensive vehicles, designer clothes, and other luxuries.Cut unnecessary expenses: Many people spend more than they realize on daily expenses like eating out, buying coffee and snacks, unused subscriptions, and other things.
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10 October 2024 | 5 replies
If you want to access the equity, cash-out refi them and enjoy the money tax free while letting the income from the property pay the loan. 6.
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10 October 2024 | 2 replies
If peace of mind is your priority, there’s no harm in selling now, putting that equity towards Sacramento, and enjoying being closer to your family.
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10 October 2024 | 17 replies
Generally prices are too high to hit ideal numbers on most beaches, however there is usually a good vacation rental or 2 on each beach.
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9 October 2024 | 13 replies
I enjoy helping bigger pockets members find loopholes and offer ideas.
7 October 2024 | 10 replies
This will allow you to acquire more rental units and also being able to use the vacated unit rents at 75% to help your debt to income ratio DTI.There is a FHA 100 mile rule if you do plan on using FHA on your 2nd house hack.
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8 October 2024 | 8 replies
(Trying to skimp on coverage by not telling them you're Airbnb-ing the place will defeat the purpose of insurance if they deny a claim because you weren't truthful.)There are specific STR insurance carriers like Proper Insurance, but most major carriers offer a rider for vacation rental or short-term rental insurance as well.
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13 October 2024 | 34 replies
Low property taxes, landlord friendly, weather is reasonable, close to Lake Tahoe and lots of enjoyable areas in CA, strong appreciation, strong rents, population growth, diversified job growth, limited land allows for significant appreciation outlook over time.