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11 January 2025 | 7 replies
Keep in mind, though, that each lender has their own criteria for how much future potential they’ll factor in, so it might come down to some skillful negotiation and presenting detailed projections that don’t feel like puffery.Just be careful not to come off as overly speculative…lenders tendd to shy away from what sounds too good to be true.Anyway, I’m curious.. have you spotted any other investors in Gainesville facing a similar refinance puzzle and what kind of terms were they able to secure?
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9 January 2025 | 9 replies
Keep in mind all this stuff is uber regulated, very detailed, far from simple.
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16 January 2025 | 40 replies
Give them piece of mind.
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7 January 2025 | 150 replies
But I'll mind my own business now.
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27 December 2024 | 18 replies
So, instead of paying taxes on $50K, I'm paying taxes on only $21K.
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21 January 2025 | 2 replies
Consider connecting with local REI meetups, hospitality groups, or even online forums like this one to find like-minded investors.You could also pitch your successful track record to potential equity partners.
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3 January 2025 | 12 replies
You are a high w2 earner, The house is worth 110k today, you are buying from your grandma for 60k in exchange for free rent for life, upside ARV of 200k.The costs of owning the house will help provide tax relief on your high w2 earnings, you are buying a great chunk of equity that will pay off in the future, and you and your grandma are doing each other solids.
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9 January 2025 | 13 replies
I would like to connect with like minded individuals.
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19 January 2025 | 1 reply
And your net worth will thank you.If you still want to go ahead, you'd be better off buying a house than an apartment because, while the value of the building itself will go to 0, you'll still have the value of the land, bearing in mind that the land might actually lose value too given the depopulation and the yen depreciation.Sorry if I'm pooping a party but make sure you understand what you're getting into (which you're already doing by asking the forum) and then make the decision that's right for you according to your objectives.
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14 January 2025 | 25 replies
But in one of our markets a STR homeowner that sold their property a couple months ago, had to pay money to Airbnb for canceled bookings.