Hello, My husband and I are starting a property management company in the Jupiter, FL area. We have one owner and one tenant so far and we are currently setting up Buildium. I am just curious how most structure their ...

Eliminate debt, establish a budget, and save.

Eliminate debt, establish a budget, and save.

No problem on a LTR but with a 90 days rental it could be a big problem - or eliminate MTR all together.  

There is nothing else to do, legally, other than to stop giving GPs with ridiculous fees and investments theses, our money.All we can do is tell the GP - “no I ain’t giving you any more money until you eliminate this BS “acquisition fee” the bs “refinance fee”, the seller fee, take a modest salary, and split the carried interest 80/20 (LP gets 80).

Most of my tenants just do an ACH payment through their bank.

Chris, when you say 95% of brokers are eliminated for not being able to provide successful transaction references, are you referring to actual mortgage brokers, or are you referring to the people that attend a “cash flow” seminar and believe  the easy money hype? 

Short Term Rental Properties Investment blog has been updated with a dynamic approach to elimination of debt and usher the audience into the arena of DIY investment strategies.

So if you end up needing to sell it in the future, would be a hinderance since it would eliminate FHA buyers all together + even some conventional buyers too. 

If you're buying single family homes, the transaction costs are high enough that it's usually the right move to buy and hold.Buy and sell direct or get a license and be the broker….buy cash and eliminate origination fees and other loan costs.