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30 December 2024 | 6 replies
@Robby SanchezBridge loans are short term and if they default or mature in many instances the interest rate doubles - so make sure you have a very solid exit planI see many get a bridge loan and realize they don’t have the 25% equity in the deal to refinance to another loan and end up getting wiped or foreclosed on because they never researched what they needed to be at on the back end when they were refinancing.
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10 January 2025 | 20 replies
For more expensive properties you'll be wanting to pay a lower interest rate and doing short/mid term rentals.
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4 January 2025 | 7 replies
I agree with the person who said they are likely short of money and grasping at straws.
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31 December 2024 | 10 replies
-A water heater issue resulted in repeated mismanagement—confusing unit assignments—leading to extra costs to fix the same issue 3 times and on each occasion "more fixes" needed to the water heaters that I plumber said was needed.
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2 January 2025 | 50 replies
Pretty much the core of the STR business.Higher your rank gets, you can increase your price and be more picky in selecting customers which usually lead to a better review / less party or complaints / less expense and higher profit with a happy life.I know some people will argue, but the ranking system is the truth and should be the only guide to your STR journey.
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31 December 2024 | 6 replies
Others rely on networking... hooking up with probate or divorce attorneys who sometimes have leads on properties that aren’t widely marketed.If you decide to hire a property manager in the Jasper area, maybe chat with a few owners who’ve used them.
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1 January 2025 | 6 replies
She may have also been shocked because jumping to eviction in a situation like this seems short sighted.
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4 January 2025 | 12 replies
Long story short, you can, but since you are only targeting investors, your sale price will likely be lower than comps.Talk to a local agent about your local tenant laws and have them review their lease
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2 January 2025 | 11 replies
Nonetheless, If you’re short on time, hiring a local attorney who focuses on evictions is definitely a good idea, as the process can be quite tedious.
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30 December 2024 | 4 replies
I’ve been working probate leads here in San Diego for some time and your words are right on point…lot of time for sometimes little to no return.