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28 January 2025 | 13 replies
Especially in a high interest rate environment where cash flows on long term rentals are muted and there is significant capital required to purchase and list on airbnb.I live near NYC but would invest out of state in an airbnb / landlord friendly state.
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26 January 2025 | 51 replies
I doubt they've offered to make you whole on your investment having failed at their primary/only job of due diligence.
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22 January 2025 | 3 replies
Without too much detail I had to quit my W2 job 2 years ago to care for my disabled son and my wife is still working.
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24 January 2025 | 10 replies
Also, as long as the house appraises, taking broker commission and using it against down payment and closing costs means lower cash requirements for me which increases my CoC returns.
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15 January 2025 | 12 replies
It is much more difficult to sell an entire portfolio that has become uninsurable (which would require a cash only sale) or that insurance rates are so high that no one wants to buy.
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15 January 2025 | 11 replies
Most lenders who order appraisals are required to order them through a 3rd party AMC, which can add additional costs to the appraisal but ensures that there is no lender (Or borrower) bias in regards to the values.
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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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24 January 2025 | 3 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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21 January 2025 | 15 replies
Check AirDNA for demand, pricing, etc.The Dekalb Board of Commissioners has proposed regulations for short-term rentals. https://engagedekalb.dekalbcountyga.gov/airbnb-dekalb-countyShort term rentals require you or your property manager to be hands-on and come with more risk.
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9 January 2025 | 13 replies
If they are poorly qualified, let them know now that they don't meet requirements.