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24 October 2024 | 11 replies
If you find a lender/mortgage broker that communicates very well and in a very time efficient manner start there to see if they have a product that works.Most of the lenders we have worked with in the past we have done multiple loans with.
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30 October 2024 | 21 replies
Some other copy & paste advice:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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30 October 2024 | 35 replies
Most years in the past decade verage rent growth was double digits.
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25 October 2024 | 14 replies
We hired another contractor (a church friend of a realtor that we'd used in the past and we trust this realtor 100%) and paid him $15,000 to start the same project and everything went great; he completed demolition, installed the new roof, and got some permits (roof permit, electrical, and plumbing).
24 October 2024 | 6 replies
Over the past three years, I’ve been using most of the major off-market techniques.One standout method has always been pulling data and feeding it into a call center to generate off-market leads.
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18 October 2024 | 11 replies
This past summer was our first year, so to test the market we had a 3 day minimum, and we filled every weekend with 3-5 day stays easily but we had holes in the midweek.
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28 October 2024 | 34 replies
(Most notably, they've gotten REPS aggregation all mixed up in the past.)Based on the regs seems that:- 1245 ordinary income recapture applies to some forms of property that qualify as "real estate" for 1031 exchange purposes- 1245 recapture on such "real estate" overrides 1031 deferral such that 1245 depreciation is recaptured to the extent there's a trade down in 1245 property in the exchange@Heidi Kenefick There are many additional mitigating considerations worth discussing in conjunction a real estate tax accountant.
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24 October 2024 | 2 replies
Short term rentals in the past on lakes in this area have done very well, but things have changed post covid, interest rates rising etc.
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24 October 2024 | 10 replies
I would check out Kiavi, I've used them in the past and haven't had any trouble.
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22 October 2024 | 7 replies
Goal after 5 years min cash flow of 6-7k a month.