10 June 2024 | 7 replies
Be prepared to document where that cash came from - in your case, that's easy, your HELOC.Would be happy to help you with that sort of transaction if you want to reach out - I find a lot loan officers are unfamiliar that this option even exists.
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10 June 2024 | 9 replies
Good on you for being prepared in advance!
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11 June 2024 | 116 replies
And no, I have not spent much time on preparing or marketing, it was simply about paying it forward to newer investors in my city, however it provided some interesting insights.
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11 June 2024 | 15 replies
You could rent it to a food truck to use 1x a week for $100 a day or $400 a month2.
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10 June 2024 | 1 reply
Licensable vacation rentals are obviously in high demand and offers can become quite competitive, I don't have any formal statistics but I'd say a quality active or eligible vacation rental sells at least twice as fast as a non STR property, the majority within days..My best advice to investors shopping for a hot or high demand asset class is:- Prepare & Practice: Get your ducks (GO UO!)
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9 June 2024 | 1 reply
The prepared me a quote that is low price (That is nice), but I am not sure if I am covering all the bases.
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12 June 2024 | 46 replies
It takes some time to gain traction as a new rental & it sounds like you will not be able to launch the rental until after prime Summer season, so you will need to be prepared for that as well!
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12 June 2024 | 20 replies
If you go after the comps the appraiser used, be prepared to explain why your comps are more appropriate.
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9 June 2024 | 14 replies
I learned how to prepare all my tax returns, and realized it is better done by a professional who can keep up with the changes in tax law.
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8 June 2024 | 22 replies
The Whole Foods/Trader Joes/Starbucks principle works as well.