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16 September 2024 | 13 replies
Would this not reduce the number of potential buyers brought to the table when the realtor can't use the largest marketing platform to its full advantage (aka the MLS)?
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13 September 2024 | 0 replies
With the city’s growth and increasing tourism, more investors are seeing great returns from properties used for platforms like Airbnb and VRBO.
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15 September 2024 | 10 replies
Sounds like a follower of a recent popular Guru spreading very bad ideas.
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16 September 2024 | 7 replies
Been following you on different social media platforms.
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14 September 2024 | 14 replies
It would be helpful to know which platform you are using.
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16 September 2024 | 6 replies
Airbnb Superhosts / Co-Hosts:You can find experienced local co-hosts on the Airbnb platform itself.
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17 September 2024 | 20 replies
I currently live next door to one of the areas most popular restaurants and my vehicle is somewhat distinctive if you notice it simply because no one else in the area has one, not because it’s an expensive sports car or something.
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18 September 2024 | 15 replies
Below are some general notes on DSCR loans:* usually used for single family or 2-8 multi family unit properties (fits your scenario)* must be for investment, non owner occupied (if looking for a product for alternative qualifying solutions for owner occupied there are other products)* can close in a personal name or LLC* usually 80% LTV for a purchase (20% down payment) & usually 75-80% LTV for cash out refis* prepayment penalties vary and are optional, but the higher the prepayment penalty, the lower the rate / options typical range from no prepay all the way up to 5 year prepay and structures vary for how those penalties work (3 year is my most popular by far)* appraisal most likely required and paid out of pocket during transaction* can be used for long term, mid term, or short term rental properties * generally 1%+ is the desired DSCR ratio but you get better rates if the ratio is higher (usually rate breaks kick in at 1.15%+ or 1.25%+) and you can still get the loan done if ratio is lower than 1% but the rate will reflect that (DM me if you wand help learning how to calculate the ratio)* the average time to close is 21-30 days* fees vary lender to lender and product to product, but $1595 underwriting plus title fees is pretty standard* 700+ credit is preferred to get max LTV, but plenty of options if credit falls below that* a typical loan minimum is $75k (have limited options for $50k+) and typical loan maximum is $3-4m (have limited options for $4m+)* 3 months reserves usually required, having 6+ months will usually result in better loan terms, 0 reserves can still get the job done if you go with a program that allows you to use the cash flow as reserves* 30 year fixed, IO, and ARMS available
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20 September 2024 | 114 replies
However, I am now on par with the other popular amenities for the high-performing properties .. examples include: outdoor space w/ seating, firepit, grill, games, walking distance to nightlife, retro video game, thoughtful mural art, quality pictures & listing details.My target guest group is a small group of friends or a family that values walkability to entertainment & nightlife and a very short drive to major Pittsburgh attractions.
16 September 2024 | 9 replies
You can track cap rate trends on platforms like CoStar or LoopNet.4.