20 April 2024 | 9 replies
No activity though.A lot of people tell me that I should obtain my Real estate license to convert our rentals from passive to active income, but I don't exactly understand how that will help.I'm not looking to be an active real estate agent, but was thinking of obtaining my license to become an associate agent to fulfill the hour requirements and just for fun.Is this the right path?
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20 April 2024 | 9 replies
Each of them sought the property for their primary purpose of worship/office/etc, and then sought out additional uses as well - nursery school, food bank, place of worship for a Jewish congregation (Saturday versus Sunday), auxiliary space for the local library that needed additional educational space, counseling, etc.There is merit to your concept, but many factors come into consideration: zoning, parking, how easy it is to "convert" space, etc.
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21 April 2024 | 22 replies
It took a while to get right - but we've had consistent success using a mix of research, mindfulness towards our neighbors/neighborhoods, conversations with cities, legal discussions, and as a worse case fallback is converting the home back to a single-family property and where we offer to manage it for a discounted price since it is a tough situation for all involved (this is very rare).Hope that answers your questions/concerns - let me know if I can provide any additional info as well.
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25 April 2024 | 209 replies
Buying a property in California leads to two-inch thick binder of paperwork you have to sign (in fairness, in places like Ohio, the buying process is pretty easy).
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19 April 2024 | 7 replies
With owner financing, I can actually convert my property asset into a note asset and still get paid.
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19 April 2024 | 6 replies
I f I were to convert the place to non-residential afterwards or do like a ground lease do you know if that would affect the loan?
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20 April 2024 | 26 replies
As noted by Ben, I highly advise that you target single-family homes with in-law suites or additional living space that can be converted into a separate unit and sourced as an STR via Airbnb or on another short-term rental platform.
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20 April 2024 | 19 replies
I allowed a LTR to convert to STR/MTR several years back and it works well for us due to my operator’s hard work, integrity and professionalism.
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18 April 2024 | 1 reply
I ended up buying another house after a year or so as well as starting an arbitrage STR business with a partner.I split the lot and am converting the stand alone garage into an ADU.
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18 April 2024 | 6 replies
I am curious to hear if you have converted a church property into a short term or long term rental?