
20 October 2024 | 13 replies
The loan approval is based on the property’s cash flow—so as long as the rental income covers the mortgage, you’re in a good position.

18 October 2024 | 3 replies
Our lease requires the tenant to carry renter's insurance with a minimum of $300,000 liability coverage naming us as additional insureds, as well as covering their personal property.

16 October 2024 | 6 replies
It seems the most likely issue is simply having your personal names as the deed holder listed in a complaint although again, based on what you shared about your sound operations your insurance should cover any claims that would arise since you wouldn’t be triggering any coverage exclusions.

16 October 2024 | 16 replies
Cash flow on a househack is near impossible, the best thing to look at will be if you were to move out would you cover costs.

20 October 2024 | 6 replies
(I would still get a heloc to cover future expenses and have available for emergencies.)401k loans are not taxed, do not report to credit, count as owned assets from your lender, and the interest you pay on them goes back into your own 401k!

20 October 2024 | 14 replies
Usually holding costs and lost opportunity costs far outweigh the gain in sales price.I would also have multiple exit strategies and if prices dropped more than I wanted could I keep it as a long-term investment and have the rent cover my expenses.

17 October 2024 | 9 replies
I imagine there are some ski resorts in Washington you could work at that are closer to the subject property?

17 October 2024 | 9 replies
Hi Clay - Fix and flip is considered as ordinary income and subject to normal tax rates and self-employment tax.

18 October 2024 | 7 replies
Can I require additional deposit to cover the accidents this animal is going to make?

23 October 2024 | 28 replies
Protecting Against Bedbugs: Bedbugs can be a nightmare for STR hosts, but here are some proactive steps:Mattress and Box Spring Encasements: Use bedbug-proof covers on all mattresses and box springs.