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28 May 2024 | 26 replies
The primary concern with using commercial financing is it typically features a short term, long amortization and a balloon that could be problematic if you cannot afford to refinance due to market conditions at the time the loan becomes due.
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26 May 2024 | 6 replies
If you're applying for a Conventional/FHA/VA/ or USDA loan, then they will do a "global cash flow" where they take into account your PITI (Principal + Interest + Taxes + Insurance (hazard and flood) on all properties (second mortgages included), HOA payments, car payments, student loan payments, credit card payments, and installment loan payments in the numerator and your gross income in the denominator.
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26 May 2024 | 16 replies
@Jerry Padilla Idk about this logic, I mean timeshares typically feature a lot of properties in sunny places and sexy beach locales, so I could easily see how the Poconos would be further down on the timeshare totem pole.
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25 May 2024 | 2 replies
Have you started to use your PRO member exclusive items and features?
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31 May 2024 | 149 replies
Very supportive of investors using this tool, potentially for a few house hacks in the next few years.Someone selling a property with an Assumable mortgage will probably know to market that assumable mortgage as a feature, if they have a good agent at least, and this will help them increase their pool of buyers.I am worried that people are confusing themselves with this idea of "paying over market" - no.
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26 May 2024 | 27 replies
I have never heard of the title company taking payment from the actual credit card but I don't know everything :) The problem with the "cash advance" feature of the card is that this limit is generally capped at a much lower amount than the actual credit limit thus limiting your full potential to cash.
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24 May 2024 | 10 replies
Owner Rez sounds like it may be a bit dated and less user friendly, and Lodgify may be primarily good for it's booking system, but otherwise limiting from a features standpoint.
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24 May 2024 | 2 replies
It’s a bit more advanced and can be tailored for medium-term rental strategies.RentRedi: This property management software includes features for rental price analysis, tenant screening, and rent collection.
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25 May 2024 | 4 replies
You seem to have a lot of competition in your field, but you keep plugging along.I've bought numerous homes on the private market, and I wouldn't have it any other way.
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24 May 2024 | 9 replies
I keep hearing how people are cost segregating, but I have pushed my accountant numerous times on this and he just saying that if we did the cost seg, all of that depreciation would just go into a reserve that would then be applied when we sell the home.