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29 December 2024 | 2 replies
The market here feels like it’s on the verge of a shift—many investors who bought in the last few years may need to sell, which could open doors for those of us ready to take action.A little about me: I grew up in a working-class family where I started young, helping my father and uncle manage their properties and businesses.
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28 December 2024 | 26 replies
I attended a Jerryll Noordan video call just this morning and I left the call feeling totally mislead and concerned about the integrity of the marketing tactics being used to draw investors like us to the video sales calls.I was on Facebook last night and, for the first time, saw Jerryll's ad and clicked on it.
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30 December 2024 | 4 replies
Being able to A/B test MTR at the same time would allow you to know if you can convert the STR to MTR if you ever want to move out and keep the property.As for the net negative house hacks - I always like to remind people that shy away from a deal because they aren't making money that they are usually still coming out ahead if they are spending the same or less than they would on rent.Great last point.
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17 December 2024 | 6 replies
If you're negative and looking at potential deferred maintenance I'd sale it and enjoy the memories.
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27 December 2024 | 8 replies
Lastly, if the tenant does become delinquent and we have to file a claim with Rhino Insurance to collect their deposit, we're adding to the financial woes of that tenant and putting them into an even worse financial position when they wouldn't have qualified in the first place.Thoughts?
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30 December 2024 | 89 replies
I just opened my 6th str last year.
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29 December 2024 | 8 replies
I've been hearing a lot of people re-fi'ing 3 mos after purchase.....at Brew City REI Club's last event, a lender said he could re-fi off appraised the day after purchase but you'd have to show that you did repairs.
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27 December 2024 | 2 replies
ESPECIALLY if you’ve lived in any of them 2 of the last 5 years and can take the tax free gain.
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26 December 2024 | 8 replies
The last reason for the sells in 1031 into other investment properties.
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15 December 2024 | 7 replies
This can be conventional or DSCRB) Conventional cashout refi - will need at least 6 months on title if no mortgage on the property (I think - going off of memory), 12 months seasoning if there is any kind of mortgage/lien/loan with the property; will be based on improved LTVC) DSCR cashout refi after six months of seasoning (most cases), and this will include any improved value of the property in the LTVMost cashout refi's will be limited to 80% LTV.