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12 December 2024 | 17 replies
If a unit is $1500 without water and another unit is $1650 because it includes water that Averages $150/month with tenants that are not conserving because the LL pays the water, the $1500 unit will get many more people to look at it when trying to fill the vacancy.
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10 December 2024 | 25 replies
Funny because I’m a physician trying to get to retirement with STRs-not sure if it’s going to pan out but being in a city with lots of tourists is helpful.
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9 December 2024 | 16 replies
Consider a bigger cabin if you want to try to grab a huge equity capture over the next 2 or 3 three years. 2,000 sq ft cabins that were generating 120k a year gross and selling for 850k to 875k are now hitting 85k to 100k and going for 675k to 725k.
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9 December 2024 | 11 replies
I recently opened up my SDIRA thru Equity Trust and am trying to decide which direction makes the most sense for me; purchasing a fix & flip property through it or dedicating the funds for PML to other investors.
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9 December 2024 | 9 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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7 December 2024 | 33 replies
That’s actually very similar to what Im trying to do, I’ve heard a number of good things with section 8.
8 December 2024 | 4 replies
It does later say in the agreement that it is:"binding upon persons who own, lease, sublease, or occupy any parcel or portion thereof"The inclusion of which seems to imply that long term renting and/or subleasing would NOT be commercial use.I'm trying to figure out if I'm taking a significant risk buying this property for use as an STR.
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8 December 2024 | 1 reply
Especially if it has to go through the state attorney general.Also maybe someone on here knows someone at the AG's office that could try and push it threw for you.
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6 December 2024 | 10 replies
When applicable I try to get the picture with the unit number right next to the document.
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7 December 2024 | 12 replies
When developing, I'd first talk with the city building/zoning about what they want to see more of and where, and try a simple project that should be smooth sailing on plan approvals, saving you time and money.