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13 November 2024 | 34 replies
That guideline is lender specific, so I would suggest shopping it around.
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15 November 2024 | 18 replies
How to set keyword alerts on BiggerPockets here: https://app.tango.us/app/workflow/Setting-Up-Keyword-Alerts-on-BiggerPockets-bf910b235a4a4d2fbcbffafaa0fe3cf7If you set keyword alerts you're more likely to find others talking about your area and I suggest reaching out to them individually if they seem knowledgable 2.
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7 November 2024 | 27 replies
The house is a simple two bed one bath with a garage and a fenced in backyard.
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8 November 2024 | 6 replies
While I realize that if a person really wants to find out who owns the LLC, they ultimately can with some personal effort or potentially the courts, I didn’t want people to be able to easily look up that information online (ie a simple Google search).
8 November 2024 | 6 replies
Just keep it simple with this...
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14 November 2024 | 30 replies
If you didn't, seems like a bad / inexperienced accountant to suggest such a thing.In my opinion, its the same as telling someone to go to a trade school and get a new career.A STR can help you lower your taxes but I would only do it if you were planning to purchase a STR.A STR is a business, you are responsible for furnishing the house, responding to guests, providing a great stay and experience, etc
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6 November 2024 | 42 replies
My simple math suggests that you probably have to shell out $600k in cash (25% down + furnishing, travel, and make ready costs) for the privilege of losing $1,000-$5,000 per month.
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13 November 2024 | 11 replies
Hi House-hackers,I've seen different advice about software that MTR folks should be using but it seems like the suggestions are based on people having multiple properties they're managing, both as STR and/or MTR.I'm starting out and am hoping to get a tenant via Furnished Finder.
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11 November 2024 | 2 replies
Spell out the complete agreement of how expenses, profits (or losses), and other responsibilities are to be split—put everything in writing.Do a background check on the partner to confirm there are no outstanding liens, judgments, or active lawsuits against them.Hope these suggestions help.