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24 October 2024 | 32 replies
@Tanner Johnson Surprised a town of 30k would be considered rural.
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25 October 2024 | 1 reply
I know one of the main qualifiers is it has to be owner occupied - which is fine.Will there be any issues with this second purchase being in the same town as my first MF home?
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29 October 2024 | 23 replies
I went from 5 rentals to 19 during that time.I know others who are much better at systems, networking and controlling rehab costs than myself who scaled much larger, much faster, and never ran their own marketing.Hopefully this context helps.
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23 October 2024 | 1 reply
This requirement may be waived if there is a valid Resident Agent (point of contact) located within 25 miles of the Town of Baileys Harbor, in such a case, the owner/operator shall provide a copy of the Resident Agent contract to the Town and notify the Town within 30 days of termination of any such contract. b.
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23 October 2024 | 1 reply
Short-term rentals would be a solution, but due to strict short-term rental laws in rent-controlled areas of Los Angeles, options like Airbnb are typically not feasible.At present, I have a $5 million property in Encino with two units that we cannot rent out short-term due to rent control regulations, and the numbers don’t work for a long-term rental either.
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27 October 2024 | 16 replies
I didn’t know anyone in this town and jumped in.
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24 October 2024 | 3 replies
Given that the house is paid off but has $27K in back taxes, you could offer to cover those taxes upfront in exchange for favorable terms on the remaining balance—like low (or no) down payment, and small monthly payments.You could also negotiate for a subject-to deal where you take over the property subject to the taxes, while still securing control of the property for your BRRRR strategy.
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25 October 2024 | 8 replies
A few weeks ago I received a frantic call from a police officer in the town were we have an STR.
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29 October 2024 | 16 replies
Not 3-4x what it's worth. 3-4x the average property in town.