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29 January 2025 | 6 replies
Even if you rent the house for $2,000 a month, you will still lose because of maintenance, vacancies, and the expensive mistakes common with newer investors.You can borrow up to 70% of the equity.
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25 January 2025 | 10 replies
Wanting to know who we can reach out to for management, estimates on potential income/expenses.
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29 January 2025 | 7 replies
Profits during the partnership can be shared based on the agreed equity split, with income and expenses reported via K-1 forms.
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28 January 2025 | 14 replies
There are also 'mezz' lenders (typically for larger transactions) who will cover up to 90% CLTV and require you to bring the remaining equity to the deal, and additionally there is Gap Funding in the form of unsecured personal debt.The latter can potentially be the most expensive option, but allows for true 100% financing as there are no restrictions for how to use these funds, as they are unsecured, and generally obtained through personal credit, income etc (since there is no collateral for obtaining these funds).
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14 January 2025 | 27 replies
Finally the pro formas that they provide are absurdly basic and neglect at least 25% expenses, so are essentially useless.
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22 January 2025 | 7 replies
It looks like you are right to be concerned about the low season as occupancy drops below 50% for most of the year
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20 January 2025 | 3 replies
I have lumber liquidators, home Depot, Lowe's, and who knows what else near me (central CT).
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23 January 2025 | 2 replies
Having toured some of the most prestigious, expensive and historic estates and properties from Brookings to Astoria, there is still considerable investment opportunity at the very high end of the luxury market.
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31 January 2025 | 19 replies
Since STR “lives” on reviews, being “right” because of the contract the guests signed might be the most expensive “right” you’ve ever experienced.So what’s left for the “wanna be” STR investor in today’s market?
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12 January 2025 | 54 replies
I know, big expense right.