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11 November 2024 | 16 replies
Quote from @Grayson Grzybowski: @Crystal SmithThank you for taking the time to provide your insight on the questions I have asked.For your introductory statement, I understand this is how debt should be used. 1) I have already went out of my way to ask for as high of a limit as I can just to have it on stand by. 2) I am trying to build value into our home to increase the equity faster so I can utilize it as leverage in time. 3) I have already reached out to a lot of different investors and have their terms & conditions at hand.
10 November 2024 | 19 replies
Since lenders will not lend cross-border, you'll have to provide US collateral, like taking a HELOC if the collateral is real estate, or you'll have to use love money or pay cash.But maybe it's not that a bad thing if your land has increased in value in case you'd want to sell it you can't get the funding.
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11 November 2024 | 7 replies
Airbnb increased the popularity of STRs, but did not introduce STRs (VRBO started in 1995).
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7 November 2024 | 8 replies
Quote from @Deborah Wodell: I've noticed an increasing trend among investors looking for 100% financing or securing 90% financing and then seeking gap funding for down payments and closing costs.
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1 November 2024 | 3 replies
Has anyone ever tried to increase the size of a PEMB?
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7 November 2024 | 0 replies
This increased the property’s rental income potential and market value.
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7 November 2024 | 0 replies
The area offers a strong sense of community, increasing demand for housing, and significant growth potential.
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7 November 2024 | 0 replies
The area offers a strong sense of community, increasing demand for housing, and significant growth potential.
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7 November 2024 | 0 replies
Plans are underway to add a high-demand ADU, increasing cash flow by $900/month.
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11 November 2024 | 36 replies
This allows me to make a full decision knowing the nature of the repairs, cost of repairs and have the ability to back out of my offer if there is a red flag or major foundation problem that increases my repair costs dramatically higher than I anticipated.