Ted Freemyer
Has anyone use Launch Financial Group for DSCR on STR?
8 November 2024 | 19 replies
I have not heard of them, but I would make sure, especially since they seem to be a new player in the space, to ask them the questions that are outlined on the "Best Questions to ask your DSCR lender for STRs" post on this forum: https://www.biggerpockets.com/...
Arron Paulino
How do Subject To Offers work for the seller? Won't the loan be called due?
7 November 2024 | 21 replies
This may actually be the best method to prevent the sale from being discovered, but of course there are other potential pitfalls.Under federal law a transfer to a trust where the grantor retains the beneficial interest WOULD be exempt from the DOS... but notice how in the context outlined above the exemption would disappear.
Kylie A.
WHATS YOUR WHOLESALING PLAN WITH NEW LAWs
12 November 2024 | 26 replies
The big wholesaling shops in our states are spending their own resources to actively lobby for wholesaling to prevent it from being banned.
Steve Holt
Is BongoStays legit?
12 November 2024 | 47 replies
I am just trying to prevent you from going down the same path that many of us did.
Braeden Warg
Pesticides on my rental
6 November 2024 | 2 replies
However, termites can be persistent, so a regular maintenance plan could add peace of mind and prevent future damage.For example, your pest control company’s plan charges $995 upfront for termites and $22 per month for ongoing treatment.
Steve Saussier
(CRE) Realtor buyer commission and exclusivity clause
6 November 2024 | 1 reply
Having clear, mutually agreeable terms can prevent misunderstandings and keep your options open.It’s always best to consult a real estate attorney to ensure the contract aligns with your interests, particularly if you foresee independent deals.
Jeff Ryan
Rental house shifts/settles too much with seasons, bedroom floors with slope (?)
6 November 2024 | 6 replies
Instead, you have a section of the footing for the two bedrooms that isn't deep enough to prevent frost from getting under it.
Paul Amegatcher
This is how I buy zombie foreclosure properties.
9 November 2024 | 44 replies
Most banks won't lend when someone has an outstanding mortgage so would the owners be prevented from buying another house later because it still shows the zombie mortgage as a debt.Carolin,Based on all the ones I have done, most of the owners have been delinquent in their mortgage payments in excess of four years.
Cherilyn Williams
3rd late payment in 5 months
6 November 2024 | 6 replies
You are the power player so use your power to hire others to handle this.
Sarah Danielle Allmond
Will a Property Management Company boost revenue/profit for my highly seasonal STR?
6 November 2024 | 10 replies
It is true a manager will likely take around 20% but a good manager can save you money through effective preventative maintenance, and can gain revenue through better pricing, marketing on more channels + direct bookings, and more.