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22 July 2024 | 120 replies
So since it's SO simple to do WITHOUT the gestapo controls, it's a simple fact of reality that those at efforts of such WANT the gestapo controls, they seek the power and authority NOT the solutions.
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20 July 2024 | 11 replies
Best, Justin Hi Justin - as you've noted - DSCR Loans are typically the best bet for this (Mid Term Rentals) and typically are for these newer/innovative strategies as DSCR Loans are typically done by private lenders that can move and adapt fast (versus slower moving lenders that must follow GSE guidance or banks that are under a lot of regulation and bureaucracy)Check out this article published at the end of last year here on BP that talked about "whats coming next for DSCR Loans in 2024" - Medium Term Rental financing solutions was one of the main topics!
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20 July 2024 | 6 replies
With that said, the buyer can still proceed with the sale if they are comfortable & able to overcome the appraisal gap and/or a solution is worked out financially between buyer and seller to make it feasible.So if appraisal gap is a concernBefore accepting:- Ensure the sales price on the contract is inline with market expectations.
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19 July 2024 | 12 replies
Also providing or having the option of industry leading solutions.
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20 July 2024 | 10 replies
Hi Shrijan,Welcome to the forum.Personally, I'm not a fan of out of state BRRRR.On paper it all sounds good and great but I've been in the game long enough to have witnessed otherwise.I would always advise doing BRRRR in your own market if possible.There are too many links to a chain with this approach and if one link is faulty, you chain becomes useless.Otherwise, (Yes, I'm bias lol) an alternate solution is buying turnkey.Wishing you much success
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17 July 2024 | 4 replies
Also, avoid issues with city and S8 inspections.3) Marketing Impact - a purple bedroom doesn't need painting, but usually has to be done to attract a tenant.4) Miscellaneous - anything that doesn't meet one of the above criteria.By logically breaking these down for our owner clients, we help them make better decisions on "repairing to their budget" and avoid over-repairing or being a slumlord.Suggest you use this approach with your PMC to address the $22k bid.Lstly, how many bids did your PMC send you regarding the $2k pest treatments?
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19 July 2024 | 6 replies
One suggestion is to call the utilities and see if they have any solutions for Property Managers.
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17 July 2024 | 9 replies
The regular straight line depreciation is fine, that receives the normal treatment.
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18 July 2024 | 3 replies
But more creative solutions are likely site dependent specific to your situation.
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18 July 2024 | 2 replies
That would be the easiest solution in my opinion.