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10 December 2024 | 14 replies
It’s easy to find tenants, population/jobs are increasing, and property taxes/insurance aren’t skyrocketing.
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14 December 2024 | 6 replies
Live in one unit and rent out the others to cover your mortgage.Seller Financing: Negotiate terms with the property seller where they act as the lender, often requiring a smaller down payment and bypassing traditional underwriting.Partnerships or Joint Ventures: Partner with an investor who provides the capital in exchange for a share of the property’s equity or income.Lease Options: Use a rent-to-own agreement, which allows you to control the property while saving for a formal purchase.BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat): Acquire a distressed property with short-term financing, rehab it to increase value, rent it out, and refinance to recoup your initial investment.Pro TipStay in close communication with your lender as you approach your next purchase.
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10 December 2024 | 6 replies
@Ben Cochran I hope you have factored STR tax savings into your cashflow and ROI as it can be significant.Leveraging equity to purchase a short-term rental (STR) in Tampa Bay can diversify your portfolio and potentially generate strong cash flow, but it also increases your financial risk.While your properties hold significant equity, adding debt from HELOCs or a DSCR loan could strain your finances if STR performance fluctuates or costs rise.
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14 December 2024 | 13 replies
You can show a packet to the mayor of the city, and they'll focus on a 3d picture of the development rather than 10 bullet points on how it will increase affordable housing supply.
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11 December 2024 | 101 replies
This being said, that would justify only a reasonable price increase caused by the cost of materials.
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17 December 2024 | 13 replies
When we tell them our opening bid is $1.5M they try and negotiate off the $500k because that was the original loan balance but due to other circumstances like modifications etc. the loan balance has increased significantly.
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9 December 2024 | 3 replies
It is an opportunity to increase ownership of great companies with great management at good prices."
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10 December 2024 | 0 replies
Managed a substantial rent increase with two newly qualified tenants.
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11 December 2024 | 1 reply
First impressions matter and presenting a property in its best light can attract potential buyers and increase its market value.