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14 November 2024 | 3 replies
That being said, here’s what I would recommend for a thorough DD process:-Build a plan in advance (setup a spreadsheet, meet with the team, etc)-be prepared to take a lot of pictures -document notes with each room (we use notes on Apple and share it with the team)-align the team on standardizing information (example: what does “bad” mean, what does “okay” mean, etc - everyone looks at things differently and you want to make sure the notes are accurate during your debrief)-bring in professionals for things you can see, like sewer lines hope this short list helps!
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14 November 2024 | 8 replies
I think I’m more focused on long term gain, some short term cash flow is nice but I’m not planning to try and live on it or anything.
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14 November 2024 | 4 replies
Before you take any action be sure to think carefully about what your goals are in the short, medium and long term.
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14 November 2024 | 30 replies
The Short- Term Rental Loophole Explained (biggerpockets.com)
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15 November 2024 | 10 replies
12 units, but 2 of them are short term rentals.
14 November 2024 | 20 replies
The short answer is yes, they should provide you with an itemized reciept and if they are markign up, that should be a clear line item.
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13 November 2024 | 12 replies
From purely a lending perspective, the projections from AirDNA and Rabbu are the only commonly accepted sources for underwriting a short term rental purchase or refinance DSCR loan.
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17 November 2024 | 10 replies
Helocs are great for short term debt!
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7 November 2024 | 0 replies
After minor renovations to enhance its appeal, it has consistently performed well on the short-term rental market, particularly on Airbnb, where it maintains a high 90% occupancy rate.
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15 November 2024 | 18 replies
Please make your responses as short or as long as you want and I will read over them.