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18 December 2024 | 8 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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20 December 2024 | 18 replies
For future tenants I would include in lease verbiage around listing property for rent prior to them moving out so you have time to market the property.
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19 December 2024 | 15 replies
Highlights:* no prepay on 12 mo bridge* 6 months guaranteed interest on a 24 month bridgeThese are interest only loans and the DSCR calculation isn’t a factor in the lending decision.Compare the cost of your lower interest rate DSCR loan, including PPP versus what the bridge would cost at a higher interest rate and no or minimal PPP.PPP=pre payment penalty :)
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17 December 2024 | 13 replies
Investing in real estate, particularly through avenues like foreclosures and tax sales, indeed requires a solid understanding of multiple aspects, including legal considerations.
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17 December 2024 | 5 replies
The Phila.gov website says this is needed to get your wholesaler license:InsuranceYou must provide a Certificate of Insurance that includes the minimum amount:General Liability Insurance: $1,000,000 per occurrence
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16 December 2024 | 19 replies
You must give notice before entering, but you do not require permission.Any time I expect a response from someone, I include a deadline for their response and a consequence if they fail.
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17 December 2024 | 7 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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17 December 2024 | 1 reply
Sorry for the long post but wanted to include all details possible.
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15 December 2024 | 4 replies
My vision includes developing the land into a destination with features like driveways, walking paths, utilities, and unique lodging structures.Here’s my tentative plan1.Place the existing STR in an LLC2.Apply for an SBA small business loan to fund the next steps, including a feasibility study (~$10k+), land clearing, and infrastructure development.While this direction excites me, I’m torn between pursuing this venture and continuing with a more traditional approach—buying one home per year using conventional loans.I’d love to hear your thoughts:•Has anyone transitioned from STRs to glamping or similar ventures?