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26 January 2025 | 1 reply
We rent it in between $75-125/night, depending on the time of year.
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27 January 2025 | 4 replies
The specifics usually depend on agreements with the tribal government.
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1 February 2025 | 9 replies
I think it really depends the style and setup.
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27 January 2025 | 3 replies
Some lenders offer creative solutions, like a cross-collateralized loan, where they use your existing equity as security without refinancing the duplex.Another idea is partnering with private lenders or exploring a second-position mortgage, depending on your lender's terms.
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21 January 2025 | 1 reply
It depends on who you're hiring but that seems fairly standard.
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4 February 2025 | 6 replies
Initially I really wanted to do a STR down in North Padre Texas (as it is a place I have vacationed for years and have stayed in at least 8-10 of the STR in the exact complex im looking into, I see how my STR could stand out amongst the rest since Im huge fisherman down there and that is mainly what those STR are used as, already have boat rental option setup if I go this route, list of fishing and possible guides to go with depending on style of fishing, family, fun, hardcore wade fisherman etc etc and equipment rental available for those that do not have.), the places im looking at are decent $ properties that after running through calculators etc showing 18-22% CoC after management fees etc.But after listening to BP for about a month, now thinking BRRRR possibly and doing up here in the DFW area.
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21 January 2025 | 2 replies
Experience depends on who you deal with - the cleaner the loan file and more organized your paperwork the smoother the process with any private lender.
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3 February 2025 | 7 replies
It's always worth comparing rates and terms, as some lenders might be more aggressive with loan-to-value ratios, depending on the location and property condition.
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8 February 2025 | 34 replies
Quote from @Collin Hays: Quote from @Rick Albert: Depending on what's allowed, the event/wedding space seems to make the most sense.
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7 February 2025 | 12 replies
Depending on how risk adverse you are, going out of state can make sense, but I always recommend investing in your backyard (or at least being driving distance).