Collin Hays
Your biggest financial risk in owning a STR
21 September 2024 | 19 replies
Here are a few:- Loose stair railings that you decided to fix next year instead of now because money is tight.- The wasp nest that you noticed underneath the front porch and decided to disregard.- A hot tub that isn't wired correctly because you hired the housekeeper's husband to do it for you for 50 bucks.- The shiny new barbeque grill that you had the housekeepers place on the wood deck next to the railings.- That quirky, and warm, light switch that you didn't notice because you haven't been to the property in a year.- The shower that you noticed is awfully hot but failed to check into it more before you left.And so on.
Alan Asriants
I am noticing the "Donut" effect in most Major Cities not just Phila
24 September 2024 | 19 replies
I know I looked at some new construction out in lehigh valley and those numbers were far to tight for me.
Patrick Gray
Advice on acquiring more real-estate in near-term environment
19 September 2024 | 6 replies
The 45 day ID window seem tight but it is not if you have a good agent on your side looking for properties and being in constant communcation.
Micah Wieden
Difficulty to get loan for new LLC?
18 September 2024 | 3 replies
It would be tight for a lot of groups, plus refinancing at 75k could be a challenge as well.I think I know of a few that could help, would be happy to connect and see how we could helpGood luck!
Mike H.
Is right now one of the worst times to be a real estate investor?
27 September 2024 | 66 replies
I got offers for 165k literally days after I purchased this one for 150k as well - so the market is tight with competition still.
Barbara Lynn
Have you heard of Rhino?
18 September 2024 | 19 replies
We still adhere to the state laws around deadlines to return security deposits and what we have to do to close out a deposit, but if it got messy it could get messy.We have also been told by our sister company in Denver that this does not work with anyone receiveing a housing voucher/subsidy, which we have also been unable to confirm in our local market including directly with our local housing authority.
Chris Snow
Flip or Keep? Great comps, possibly too much work at current ask
16 September 2024 | 2 replies
Hi Chris,The deal could potentially work, but it's tight.
Robert Mitchell
The Impact of getting a Building permit in the City of Atlanta
16 September 2024 | 12 replies
They recently cleaned house of a lot of the corrupt people and for now the wait times are worse than before.I had one project in a historic district- remember that the historic district department has a different intake deadline than the regular permit department.
Carmen Assang
Tenant asked me to pay her first month rent to move out
17 September 2024 | 38 replies
Paying her (or locking in that you will cover 1st month's rent) before you've changed the locks could put you in a tight spot if she doesn't leave.
Deborah Wodell
How Do You Decide When to Refinance vs. Sell?
19 September 2024 | 44 replies
If it's getting tight or not meeting my ROI goals, selling to redeploy capital can make sense.