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22 July 2024 | 15 replies
Welcome to Bigger Pockets Edwin,It might be safer to start out with a house hack or buying a light value add rental.I’m an investor based out of Columbus, OH.
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19 July 2024 | 4 replies
Then you have the energy efficiency of the home, its size etc.
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22 July 2024 | 17 replies
Kudos From the Easy Street Website for all lenders below :For our Short Term Rental Loans (STR Loans), We combine the traditional 30-year fixed rate residential mortgage product with flexible and hassle-free underwriting, delivering quick and efficient 30-day closes and non-intrusive documentation requirements (no tax returns, no income verification).Light DocumentationOur process allows investors to avoid the mountains of endless paperwork and intrusive document-gathering common with our competitors.
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20 July 2024 | 8 replies
o Full doc (pay stubs, taxes, personal DTI) or light doc (asset-based, DSCR)?
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22 July 2024 | 71 replies
Making more income requires a significant amount of time, stress, and energy which would come at the expense of my family.I've also gotten to the point where it's harder to delay gratification--it's not a skill my wife is great at (so delaying gratification frequently means I go without, and she doesn't) and spending $2000 to go see nephews and nieces is much more important than having an extra 5 shares of google or MSFT.
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22 July 2024 | 17 replies
As long as you have at least 20% down, assets for reserves + closing costs, and your rent covers the debt service 1:1 - it should be a green light just about anywhere.
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20 July 2024 | 9 replies
HomeGoods also had a ton of great pieces on offer when I was furnishing my Airbnb - lamps, mirrors, side tables, chairs, stools, kitchen and bathroom accessories, throw pillows, blankets, etc.I am very much NOT a fan of Ikea furniture - most of it is recognizable (not in a good way), looks and feels cheap, and also doesn't hold up well at all over time, but certain pieces may have a time and place in your rentals (lighting, kitchen accessories, silverware/plates/bowls, etc).
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20 July 2024 | 28 replies
I don't think that will be that fast, because we need to solve the energy problem first.
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19 July 2024 | 11 replies
When I convert it to a rental, I'll take them down for light fixtures, so long as comparable rentals don't have ceiling fans.
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22 July 2024 | 38 replies
#GoDetroit #GoSection8I LOVE everything you said and the energy behind it.