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19 November 2024 | 6 replies
Testing and tweaking over time helps us dial into the best strategies for each unique market.It’s helpful to hear what’s working well for others in the space!
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19 November 2024 | 10 replies
In-unit washer/dryer is always a plus people are willing to pay more for, but even it's just on site and not necessarily in their unit it will perform better than a space with no access to laundry.
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18 November 2024 | 47 replies
It works like this:(1) Save up enough money for a down payment(2) Buy a single family home that you will Airbnb/VRBO(3) Ensure the “average period of customer use” is <=7 days(4) Materially participate (5) Cost segregate the property, resulting in large depreciation deductions(6) Use the losses from step 5 to offset your W2 incomeWhat makes this possible is that operating an STR is considered “non-passive.”
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16 November 2024 | 6 replies
A pro tip is if you call shared office spaces or co working spaces in your city they also offer virtual mailbox services at usually better prices than the national ones!
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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 | 35 replies
I provide washers and dryers in second-floor apartments or when the space requires a stacked unit.
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13 November 2024 | 15 replies
When you're responsible for customizing the layout you can get more creative and find extra space a builder missed out on because they wanted to include some type of flex space or amenity room or it just didn't fit their box.
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19 November 2024 | 12 replies
A simple non-tech solution.
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21 November 2024 | 18 replies
Typically lenders for non recourse require the borrower to have a net worth that is equal or greater to the outstanding loan blance, have at least 1 year reserves for debt service and experience and or a track record.