Fabio Cattolico
Want to start my investing career but not sure what first step is best
21 January 2025 | 8 replies
Would it be better to stay in San Antonio and network with people in San Antonio?
Laura Yelin
Sherman, TX market
26 January 2025 | 8 replies
Not to mention the economic development steps the town is taking in ensuring the growth of town (roads, schools, zoning) stays on par with the future expected population growth and new jobs that are going to be a result of the new factories opening.
Khyree Randall
Seeking advice for making offers on mls listings
22 January 2025 | 16 replies
In hot markets, some wholesalers and investors use 80-85% of ARV (minus repairs) instead of the typical 70% to stay competitive.A few tips:1.
Lisa Frenette
Rezoning Parcel After Build of ADU to Qualify for Vacation Rental Permit-Santa Cruz,C
28 January 2025 | 2 replies
We want to get a Vacation Rental Permit for stays under 30 days for ADU but current zoning doesn't allow it.
Kyle Thomas
Insights Needed: Growing Demand for Midterm Rentals in Portsmouth, VA
26 January 2025 | 0 replies
Any tips on balancing renovation costs with tenant expectations when preparing a property for midterm stays?
Andy Wang
Should I sell my note? 1.2M @ 8.5% for 4.5 yrs
27 January 2025 | 7 replies
Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option.
Rereloluwa Fatunmbi
Seeking Advice to Improve STR Performance in East Downtown Houston
22 January 2025 | 22 replies
Offering discounts for weekday or longer stays could also help improve occupancy.
Jonathan Sanchez
Pricing Strategy - What is your approach?
16 January 2025 | 13 replies
I adjust pricing based on demand, like raising rates during peak season or local events, and lowering them in slower months to stay competitive.
Nicholas McCormick
STR in Bloomington, Indiana?
23 January 2025 | 9 replies
One of the biggest complaints was the lack of places to stay and the expense for such.
Peter Neill
From PPR Note Co. to GSP REI: Finding My Freedom Raising Capital
27 January 2025 | 6 replies
One of the greatest, most important lessons has been, staying in my lane!