
23 July 2024 | 5 replies
You may also have the owners stay on {part-time} for a season or two to help train the new management (you).Acquire the hard assets: In this scenario you would only purchase the real property and those hard assets (docks, boats, etc.) that you deem would be beneficial.

23 July 2024 | 3 replies
Sober living homes typically require certain amenities, such as furnished living spaces, common areas, and kitchen facilities.

24 July 2024 | 8 replies
You can ask for seller concessions, the maximum contributions vary by lender but 2% is common.

22 July 2024 | 2 replies
They of course lose us as a buyer now and subject themselves to what the market will be at that time, which we cannot predict.I understand the rentback scenario.

22 July 2024 | 18 replies
I would also work with a lender that can get the job done quickly as it is common in this space for lenders to take forever to close.

22 July 2024 | 17 replies
There's a misconception that these loans are loosely originated, similar to 'NINJA' loans, which contributed to the previous real estate crash.I have included a Bigger Pockets article that goes over the documents and nuances for a DSCR loan, which sounds like a great option for your scenario.

22 July 2024 | 34 replies
And so on.A single short sale (in this particular scenario) simply puts a band-aid on a severed foot.

23 July 2024 | 0 replies
This consistency shows a balanced market where buyers and sellers are finding common ground.Median Time to Contract: Homes are taking a bit longer to sell, with a median of 28 days to contract compared to 27 days last year—a small 3.7% increase.Median Time to Sales: The total median time to sales decreased by 2.8%, from 71 days to 69 days.

23 July 2024 | 13 replies
If they are solid, they pick up after themselves in common areas, keep the dishwasher running, and treat it like a home, making it *much* easier for me to keep it clean and ready for STR guests. 1-2 a month as needed I sweep/mop/catch up however needed, clean bathroom, etc.

24 July 2024 | 26 replies
The most common issue is a leak under the sink or dishwasher.