Martin Phinney
Moving Out of State - Should I Sell or Rent my House?
28 January 2025 | 9 replies
IF you plan on going back someday, and this is the home you want to move back to, then renting it would be a good idea as long as you estimate that it will cover itself, or preferably, cash flow, which it appears that yours will at @ $2K or so per month (after expenses).
Zach Howard
Class C: Personal loan for 200k, should I use it for multiple down payments, or...?
9 January 2025 | 44 replies
The rents pretty much never seem to cover the mortgage costs, even with low interest rates.
Sean Gallagher
Scaling out of state while busy working my W-2
12 January 2025 | 23 replies
Covering this with my salary is relatively comfortable.
Sarah Larbi
Costa Rica
11 January 2025 | 49 replies
This is because they're much more expensive than other countries in the region and, unlike in some other countries in the region Costa Rica doesn't have the mass tourism needed to get you the rental income that would justify those prices.This being said, it shouldn't be hard for you to break even though since all you'd need to do for that is cover your costs.
Ilia Zakharav
Convert 6 unit multifamily into condos and 1031 individual units
6 January 2025 | 1 reply
Real numbers- purchase 907k,rehab , closing costs, soft costs, 840k, all in 1.747 mil, basis for each unit should be roughly 291kappraisal of each unit minimum 400k , so 2.4 mil if for all 6.I might refi only 4 out of 6, that will cover initial loan amount.
Ashly Frasso
Contractor Ran away with Materials
7 January 2025 | 6 replies
I think Peter covered the best course of action.
Thomas A. Rufo
STR not compliant with HOA
3 January 2025 | 3 replies
Rufo, so you are violating the HOA rules so I don't think they would cover anything if it is the fault of your guests.This will eventually catch up with you and could result in some big fines so maybe think of selling this or converting to a LTR instead.
Josh Lansberry
Time to get started
9 January 2025 | 5 replies
I use airbnb and rent out rooms to cover most of my mortgage.
Rereloluwa Fatunmbi
Seeking Advice to Improve STR Performance in East Downtown Houston
22 January 2025 | 22 replies
Simply covering the mask as sales pushers.
Julie Muse
Grainfield Gem: Partner Driven & Amanda Frecks Flip Main St for Big Gains!
8 January 2025 | 0 replies
Partner Driven financed the Main St deal by covering 100% of the $20,000 purchase price and $45,000 renovation budget, ensuring Amanda Frecks could focus entirely on project execution without the stress of upfront expenses.