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9 December 2024 | 21 replies
There are other communities that would have better opportunities to cash flow.Although there is no guarantee of future income on any STR, I believe that 2025/2026 we will see a good increase in travel, mainly due to EPIC opening and the overall attitude of 'the people' coming off of the election.
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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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7 December 2024 | 18 replies
It seems like there should be a dividing line somewhere to make it easy, but also maybe not because both of these ladies seem to have pretty solid claims although I would think the last one has a better shot.From a legal POV (although this is not legal advice although I am an attorney), without a will the estate gets probated along blood lines.
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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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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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9 December 2024 | 98 replies
This train is going to crash and there is going to be blood in the streets.
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4 December 2024 | 3 replies
Some of the areas that we invest in have some clauses in their zoning forbidding more than 3 individuals unrelated by blood or marriage from occupying the same unit.
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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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11 December 2024 | 101 replies
This being said, that would justify only a reasonable price increase caused by the cost of materials.