Now, if you're buying in the name of the LLC and you're doing a DSCR deal, that will be irrelevant.

The best thing you can do is plan that the first year will be on the lean side.

My clients can "force appreciate" the value of the property by doing a quality rehab for a lower than market cost because they are very good at spotting "diamonds in the rough".

Quote from @Fulati Paerhati: I am selling one property and planning to do a 1031 exchange.

I live in Florida but my family is from Portsmouth and I just there for Labor Day.

Hey Jay, Do they have any reviews and are they licensed with the NMLS?

Update: I decided I will pay a $500-750 or so to do an initial hydro-jetting of the system. 

As a new investor, I made the common mistake of being too aggressive, starting with seven distressed units all at once.

When they do, you can refinance to a lower rate.Dealing with current high interest rates (about 7% on 01/27/2025) you have the following choices:A larger down paymentAccept a negative cash flowBuy down the interest rateCombine and balance all three to get an acceptable cash flow today.

Hi Collin,After managing hundreds of properties, I always keep an eye on short-term rental trends, especially in key markets like the Smokies.