10 November 2024 | 19 replies
Granted, it's applied to the gross income but, for the typical Mexican STR, the difference between gross and net income is much lower than in the US given the lower expenses in Mexico.
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5 November 2024 | 6 replies
I'm heavily involved in the co-living side of things in the Atlanta market and work a ton with Padsplit.Off the top, nice family oriented neighborhoods are typically a no-go for rent by the room and even more of a no-go if it's in an HOA.Please feel free to shoot me the property address in the DMs and would be happy to provide some feedback!
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4 November 2024 | 1 reply
I am wondering if the interior stairs are typically removed to allow for more sq ft in the basement unit as well as greater security between the two units?
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6 November 2024 | 8 replies
Typically in these situations the property also is less valuable as well which turns the second into negative equity and wiped out in foreclosure
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3 November 2024 | 24 replies
And most will be able to pay the taxes when they come due, and put on a new roof, and put on a new coat of paint.As well as replace the carpets, cut the grass on a regular basis, replace the windows, reseal the chimneys when the liners crack, etc..It's unlikely that that these homes will fall into the slum category in 10 years or so, and make the asset underlying the loan virtually worthless.Or just vanish when the place starts to fall apart too much, due to no down-payment (no skin in the game 100% loans).Said the lawmakers who approved this.
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5 November 2024 | 11 replies
Here’s a good starting point:Identify Your Target Market: Mid-term rentals typically cater to groups like traveling professionals, digital nomads, or people relocating for work.
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6 November 2024 | 6 replies
The foundation was noted as good, and the foundation in the basement doesn't show any obvious signs of problems that you might typically see with foundation problems.
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5 November 2024 | 6 replies
Any sort of walkability is a huge plus since you can't add much more value other than a typical remodel.Good luck!
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5 November 2024 | 4 replies
Typically we see a non refundable deposit and extension fees to keep the property tied up.
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5 November 2024 | 6 replies
However, I’ve noticed that larger homes (3-4 bedrooms) tend to have difficulty renting as MTRs since most MTR tenants in our area are traveling healthcare professionals, typically renting solo or with one other person.