Our guest speaker is David Randolph from St Louis on Short SalesMAREI Members and first time guests attend for FREE.Doors open at 6pm for Networking and our Trade Show.Buy Sell Trade is at 7 pmAnd David takes the stage at 7:30We wrap up about 9.We also have a bunch of smaller meetings all over our calendar.  

Just be ready for it to impact your credit in the short term – but, honestly, the relief of not being buried in debt was worth it.

What held me back were the details behind understanding the financing - both short term to acquire and long term to hold.

Hey Renee,It depends on your short term and long term goals.

I see how they would fund based on the numbers of a long term rental, short term rental, and midterm rental.

Now i plan to buy a house that need renovation to force the appreciation,then resell shortly. 

Now I have the opportunity to buy another co-op (the one next to mine), but I don't have more cash, maybe I can apply for another HELOC to get around $100K, but still will be short for $50K since the asking price is $150K. 

From my experience with long-term rentals, relying too much on transient tenant flows like students or short-term employees can be risky.

There are pros and cons to long term and short term from a rental management side, and purchase/acquisition.Long term = lower vacancy, lower expenses, potentially lower revenueShort Term = higher vacancy, higher expenses, potential for higher revenue, financing is more expensive than long term rentalsWatch out for local STR regulations, they vary from city to city.

Short-term rentals would be a solution, but due to strict short-term rental laws in rent-controlled areas of Los Angeles, options like Airbnb are typically not feasible.At present, I have a $5 million property in Encino with two units that we cannot rent out short-term due to rent control regulations, and the numbers don’t work for a long-term rental either.