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22 November 2024 | 4 replies
The rules for each are different, and the allowable assets under Medicaid can vary by state.
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22 November 2024 | 5 replies
As a reminder, our rules require all content to be human generated, based on your own knowledge or experience.I'm shutting 'er down.
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15 November 2024 | 17 replies
I justified going to the 10X Growth Con in 2017 and a couple local investor seminars.
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2 December 2024 | 34 replies
So does the book provide a loophole to the three property limitation to the “mortgage origination” rule (Dodd Frank)?
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22 November 2024 | 4 replies
An agent can help with flips and be aware of the new NAR rules that you'll have to sign a rep agreement before viewing a property
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22 November 2024 | 12 replies
If you're ok with roommates and generating some leases, ground rules, and interviewing folks before they move in, you really can't go wrong with house hacking.
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24 November 2024 | 27 replies
This was my first time looking at one and it sounds like many buildings have their own rules.
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20 November 2024 | 5 replies
The 70% rule suggests buying a property for 70% of its ARV minus repair costs to ensure profit.
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21 November 2024 | 12 replies
Wholesalers typically do not carry Errors and Omissions (E/O) insurance, so even if the court rules in your favor, they might not have the financial means to compensate you.Furthermore, ensure that a reputable title company handles the transaction, as some companies may cut corners.
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19 November 2024 | 1 reply
After reviewing the latest ordinances, reports, and city guidelines, here’s a summary of my findings as of 11/18/2024:Key FindingsPermit Types and Fees:Type 1 (Owner-Occupied): $300 for 3 years.Type 2 (Non-Owner-Occupied): $450 for 3 years.Density caps apply to Type 2 permits (12.5% of block face).Enforcement:3 violations in 3 years lead to permit revocation.Fines up to $500/day for violations.Hotel Occupancy Tax (HOT):City: 9%, County: 1.75%, State: 6%.Platforms like Airbnb and VRBO will remit directly to the city starting Feb 2025.Platform Obligations:STRs must have valid permits; unpermitted properties will be removed by platforms like Airbnb.Special Exceptions for Density Limits:Require approval by the Board of Adjustment (BOA).Zip Code BreakdownI focused on these 11 zip codes:Under San Antonio Rules:78205, 78204, 78215, 78210, 78212, 78245, 78258Independent Municipalities (Separate Rules):Alamo Heights (78209)Leon Valley (78238)Helotes (78023)Next Steps:Research density caps and zoning in specific zip codes.Dive into independent municipality rules for Alamo Heights, Leon Valley, and Helotes.Evaluate market maturity and income potential using tools like AirDNA.If anyone has experience operating STRs in San Antonio or these specific zip codes, I’d love to hear your insights, especially about density limits, enforcement trends, or community sentiment.Thanks in advance!