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13 November 2024 | 12 replies
If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.
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11 November 2024 | 14 replies
With exception of the accountant, these individuals did not go to college with these careers in mind.She can use my properties to suppliment her income without a lot of work and, in my opinion, have a lot of fun doing it.
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12 November 2024 | 7 replies
It has a lower turnover than STR but can bring in higher rent than traditional leases.Co-Living Arrangements: Renting rooms individually on a month-to-month basis could generate more income than a single long-term lease while reducing management hassle.Furnished Long-Term Rental: A furnished rental could allow for higher rent and attract tenants who don’t want the STR commitment but still value flexibility.Partner with a Local Boutique STR Manager: Some local companies manage STRs with lower fees than Airbnb's traditional managers and could help keep profits up without 20% fees.Hope that helps you with your decision!
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11 November 2024 | 5 replies
I know this may be an individual decision ultimately, but what types of land did you purchase, or what regions, or what characteristics and why?
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16 November 2024 | 21 replies
[crawling into my office closet while alternating between sobbing and laughing] Haha it's actually such a big improvement!
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11 November 2024 | 6 replies
However, if you’re comfortable with the expenses and prefer to hold, you’d continue building equity, but it may take a while for cash flow to improve.
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13 November 2024 | 13 replies
If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.
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10 November 2024 | 7 replies
This is an amazing space to meet many very smart individuals.
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9 November 2024 | 5 replies
It's great to run into other positive individuals in multifamily space.
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10 November 2024 | 0 replies
These improvements significantly increased the property’s market value and rental potential, attracting premium short-term rental rates and ensuring high occupancy.