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14 October 2024 | 7 replies
The idea behind year long leases is to avoid short and medium term rentals.
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16 October 2024 | 17 replies
(vii) would seem to indicate that you'd be acting as an unlicensed broker.(1) "Broker":(A) means a person who, in exchange for a commission or other valuable consideration or with the expectation of receiving a commission or other valuable consideration, performs for another person one of the following acts:(i) sells, exchanges, purchases, or leases real estate;(ii) offers to sell, exchange, purchase, or lease real estate;(iii) negotiates or attempts to negotiate the listing, sale, exchange, purchase, or lease of real estate;(iv) lists or offers, attempts, or agrees to list real estate for sale, lease, or exchange;(v) auctions or offers, attempts, or agrees to auction real estate;(vi) deals in options on real estate, including a lease to purchase or buying, selling, or offering to buy or sell options on real estate;(vii) aids or offers or attempts to aid in locating or obtaining real estate for purchase or lease;(viii) procures or assists in procuring a prospect to effect the sale, exchange, or lease of real estate;(ix) procures or assists in procuring property to effect the sale, exchange, or lease of real estate;(x) controls the acceptance or deposit of rent from a resident of a single-family residential real property unit;(xi) provides a written analysis, opinion, or conclusion relating to the estimated price of real property if the analysis, opinion, or conclusion:(a) is not referred to as an appraisal;(b) is provided in the ordinary course of the person's business; and(c) is related to the actual or potential management, acquisition, disposition, or encumbrance of an interest in real property; or(xii) advises or offers advice to an owner of real estate concerning the negotiation or completion of a short sale; and
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8 October 2024 | 1 reply
If I buy a property for short term rental and do a cost segregation study to speed up depreciation, can I later decide to convert to a primary residence?
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17 October 2024 | 23 replies
It's short term and very pricey.
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14 October 2024 | 9 replies
I was thinking I could even do a short presentation for CPE for agents, What do you think?
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14 October 2024 | 8 replies
During the mortgage crisis i worked as a loan officer for a very short period , in that time frame i saw how shady that part of the business was, customers where signing documents blind and for that very reason most lost their homes, everyone was taking full advantage of the situation and trying to get a wealthy as fast as possible before the party was over.What i dont like working with loan brokers/officers is that there is a lot of jargon in their paper work that they only understand , i wouldnt want to get stuck in bad mortgage deal .
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14 October 2024 | 16 replies
I have private flood insurance myself but I have never found a short term rental insurer that has offered flood coverage as well.
14 October 2024 | 7 replies
My name is Stetson, I have been wanting to take a leap into short term rentals and was interested in seeing if anyone had any experience in Flathead County specifically around Flathead Lake, MT.
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10 October 2024 | 4 replies
Hello Everyone,
I am looking to get started in the STR business soon and have been interested in the Wisconsin Dells and Baraboo area. I am aware of certain zoning and regulations but am looking to further my knowled...
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17 October 2024 | 12 replies
When you go to refinance, no lender is going to offer much better than 65-75% LTV, which means under the best scenario you'll be $27,500 short in repaying your lenders.Are you financially prepared to make up the difference?