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20 November 2024 | 9 replies
There are lenders who can do a cash out refinance for the new appraised value after three months so it can be a good choice for an investor who's doing a BRRRR.These loans can work for investment properties that are long term rentals, short term rentals, non warrantable condos and condotels.
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18 November 2024 | 6 replies
I also have a realtor looking for short term rentals at Grand Lake, Oklahoma, where I have my vacation home, and I have a realtor friend licensed in Missouri and Arkansas whom I'm going to contact to look in Joplin, Missouri and Bella Vista, Arkansas.
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18 November 2024 | 9 replies
You will find many resources here on the forums and throughout the site as well.Personally, my short list of books to explore:Set For Life by @Scott TrenchRich Dad Poor Dad by Robert KiyosakiABCs of Real Estate Investing by Ken McElroyABCs of Buying Rental Property by Ken McElroyLoopholes of Real Estate by Garrett Sutton, EsqTax-Free Wealth by Tom Wheelwright, CPAThe Power of Zero by David McKnightREIT Investing for Beginners by Lawrence SmithWhat Would the Rockefellers Do?
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16 November 2024 | 9 replies
Bonus would be refacing the cabinets if the pricing makes senseI priced out part of the job with HD, windows were somewhat reasonable at $8500 but I was surprised by the cabinet refacing -- Just short of $20k.
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16 November 2024 | 24 replies
FHA is currently streamlining everyone through short sales.
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21 November 2024 | 12 replies
Long term it will be prime development land for residential and/or commercial, whether it is us to develop or sell to a developer.... we may subdivide and sell some of it in the short term, so we don't wish to erect structures or change zoning to make development harder down the road.
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18 November 2024 | 6 replies
The strategy involves using the HELOC for a flip to generate fast cash, reinvesting profits into long-term rentals, or exploring alternative ventures like short-term rentals or partnerships.
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19 November 2024 | 6 replies
Some extend their contracts and will want to extend their leases, others may have their contracts cut short abruptly.
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14 November 2024 | 2 replies
I have a unique property, it's a 4 bedroom home with a lower level having a few small commercial offices and then there's a 22x35 oversized garage. I'm having trouble finding a tenant that I feel comfortable leasing ...
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22 November 2024 | 92 replies
Both are irrelevant. 5+ years ago it was the 2% rule and I have been hearing it in REI meetups since shortly after the Great Recession (at least since 2012).