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22 November 2024 | 13 replies
I spent close to six months looking at various vendors in the space, and below are some of the ones we ended up choosing (including one of our favorites, Hospitable).Each of the hours underneath the categories refer to what I estimate the monthly time-savings are by deploying the technology within the box for us.
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21 November 2024 | 6 replies
It varies deal to deal, on one property maybe up to 65% LTV, but if you have more collateral the more likely they can make something work.For example, I've done numerous deals where we place a 2nd on 4-5 properties and the lender feels comfortable lending x amount of dollarsThese are very non traditional loans and no two will ever be the same.
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25 November 2024 | 19 replies
You want it to be easy for your tenants to use to avoid non-payment or technological issues on their end, too.
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20 November 2024 | 15 replies
You can search for their NMLS # as well, but in the private money/hard money space there are grey areas in certain states as to whether or not you need to be licensed.
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20 November 2024 | 12 replies
My wife and I purchased our first-ever home in Viera, FL (on the Space Coast) for $430k back in Oct 2022 with 10% down using a 5/1 4.5% ARM.
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21 November 2024 | 305 replies
@Will Gaston I have to say this is one of the best threads on student rentals and I always try to send people to it when they ask about this space.
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25 November 2024 | 16 replies
Understanding their cash flow is critical.I especially like your idea of communication clauses—non-responsiveness is a huge red flag, and setting expectations upfront can save a lot of headaches later.
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22 November 2024 | 7 replies
This will help limit your liability on the non-homestead property without affecting your exemptions.3.
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20 November 2024 | 8 replies
If the lease is ending be sure you have given the proper notice of non-renewal of the lease.
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19 November 2024 | 5 replies
Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.