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1 September 2024 | 10 replies
I am looking to buy again in the next six months.Here’s the situation:I own a home in San Diego, currently worth about $1.05 million once the ADU is built.I owe $680k on the mortgage at 4.25%, with monthly payments around $5,500.The property generates $7,500 in monthly income: $5,200 from the main house as a vacation rental and about $2,300 from the ADU as a mid-term rental.My broker is advising me to do a cash-out refinance and switch to a DSCR loan, then move the property into my LLC.I’m hesitant because current interest rates are around 8%, and I was originally considering a HELOC due to these high rates.Given the high rates, would you recommend sticking with the HELOC, or does the DSCR loan make more sense in the long run?
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1 September 2024 | 1 reply
He may have taken a plea or plead guilty to a lesser charge or even been found guilty with no jail time, but with the stipulation he be registered as a sex offender.Your main concern should be what he was charged with.
1 September 2024 | 2 replies
I am trying to balance my overall portfolio and would like some advice on how people would balance this if they were in my shoes to in order to reduce risk and increase overall gains.I currently have 2 rental properties and 1 primary residence as well as cash and brokerage funds.My main questions I’m looking for thoughts on are…- What percentage would you keep in reserves?
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2 September 2024 | 11 replies
The rate that you are at right now is, I would expect, the main factor limiting cashflow.
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1 September 2024 | 3 replies
The main issue is, since I'm using VA benefits to purchase these properties, I have to live in them, and because of this, they have to meet a threshold of what my family is willing to accept.
2 September 2024 | 9 replies
But mainly the HOA aspect because with a condo you do let go of certain controls when the HOA is in charge, like a condo.
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2 September 2024 | 34 replies
One of the things that I like is that they focus mainly on wholesaling until you decide that you want to do something else.
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2 September 2024 | 31 replies
Hello Saulo, I have two STRs and the main things my cleaners do - Reliability - they live close to where I operate so that's always a plus Availability - I do constantly update the calendar so they know well in advance of turnoversPictures - they always send pictures after they're done in the event we have a discrepancy with a guest (it will happen)Additionals - if I ran out of something, they will get it an add it to the invoice.
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30 August 2024 | 3 replies
My main question is if these properties ended up cash flowing or gaining appreciation in the past few years?
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31 August 2024 | 8 replies
Quote from @Travis Main: Hey Elijah, Utilizing MLS access for comps is the most reliable method, but if it's not available, you can still utilize the parameters Jonathan mentioned on other platforms like Zillow, Propstream, and Batchleads.