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20 December 2024 | 14 replies
A local lender can be helpful since they often understand the market better and may offer more personalized service, but it’s not always necessary if the terms are great.
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19 December 2024 | 8 replies
I mainly want a site that offers advertising the property, online payment options, maintenance requests & at least a basic accounting aspect.Thank you in advance!
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20 December 2024 | 3 replies
I can do this by networking, hosting a monthly meetup for investors, and offering a coaching program.How about you?
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14 December 2024 | 3 replies
Long story short if you are committed to house hacking the sky is the limits and there is endless possibility, it really comes down to your comfort level and where exactly you need to be in New Jersey.
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22 December 2024 | 21 replies
Looking to connect with others and see what knowledge I can gain and what I can offer.
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19 December 2024 | 13 replies
I STR it for 15-20K a month in the summer, and was offering it for rent for $2100 a month in the winter (lower than any comparable houses), and was getting tire kickers at that price.
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17 December 2024 | 29 replies
I've offered to rent W/Ds to tenants in the nicer neighborhoods as I can buy a used set for $40 and rent them for the same price per month, but the tenants typically have their own.I'm also entertaining the idea of getting a whole house service contract for all appliances including the AC, plus plumbing.
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11 December 2024 | 10 replies
The property is in a B-class neighborhood, and while I’m comfortable managing coliving setups, I’m curious about any potential nuances around refinancing and insurance for this type of property.Are there specific loan types or lending policies I should know when refinancing a rent-by-the-room property?
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19 December 2024 | 5 replies
-- Also, if they are really pushing this as a benefit, what type of guarantee are they willing to offer to back it up?
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17 December 2024 | 8 replies
Is it segregated (only my funds in the account)- do you have an attorney on staff that reviews exchange docs and keeps them current - what is the typical time for your staff to complete an exchange ( you want to get a feel for if they are understaffed and can they get the work done on your time frame)- how many exchanges do you do a month- what is your errors and omissions insurance through, can I get a copy- what is the amount of your fidelity bond - for each occurrence- what protections are in place to prevent wire fraud- will my funds be used by the company for outside investments (goes back to the type of account funds are held in)- who will be my contact during the exchange (goes to customer service, you want one contact who you can reach by telephone)Investors should keep in mind that it is their money they are placing with a QI to hold for a short period of time and be sure they feel comfortable with the company they choose to perform this role.