Rachael Palmer
STR in Unincorporated Bay Pines (5 min drive to Madeira Beach) or Indian Rocks Beach
24 September 2024 | 8 replies
Timing wise as well, though the good STR properties haven’t seen much if any decline in prices have seen a decrease in competition to buy.
Joel Betances
Closing cost looks high
23 September 2024 | 7 replies
Feel free to reach out though if you'd like another look, certain areas have decreased rates for investors based on the area and price so might be eligible.
Daniel Mendez
Renters Insurance: How do you explain it to the tenant?
19 September 2024 | 11 replies
Simplest explanation is if something happens (eg a fire), your insurance isn't going to cover any of their belongings or temporary accommodation.
Bryce Nurding
Wait to Refinance, or do it now?
21 September 2024 | 4 replies
Interest rates decreasing a little more will be necessary to make this possible, too (DSCR loan).Also I will have another deal refinanced by then and gain about $70,000 of capital from refinancing that.
Mikhail Pritsker
Strategic Opportunities in the Current Multifamily Market: Part 1.
17 September 2024 | 2 replies
Many multifamily projects face challenges, including rising interest rates, operational inefficiencies, and decreased valuations, which drive the growing need for alternative financing solutions.This environment presents a unique opportunity for mezzanine debt and preferred equity investors.
Gary Dale McKee
Need advice on wether or not to rent to people on disability.
24 September 2024 | 49 replies
"Disability", either SSI or SSDI, is a source of income, has strict limits on additional income, and is usually meant to be temporary.
Aaron Gallington
Should I refi now or wait until spring of next year??
20 September 2024 | 13 replies
I'm a mortgage broker for DSCR loans, so maybe I'm biased, but I hate when the market blesses us with a 200 bps rate decrease in 6 months and folks want a larger blessing.Keep in mind, just 12 months, 8% was the average DSCR rate.
Aaron Buehler
How accurate are STR revenue generator websites?
20 September 2024 | 17 replies
Create a list of properties you think are very similar to yours based on their listings and use those revenues to create your estimate.Keep in mind if you are just starting, expect about a 20% decrease in year 1 revenue compared to comparable listings.
Jason Xenakis
Physician in Public Service Loan Forgiveness program
18 September 2024 | 5 replies
Some things to think about...Real estate could potentially decrease your taxable income by way of depreciation.
Mark F.
What kind of instrument do I need?
17 September 2024 | 4 replies
Some form of contract or option agreement that I was looking for specifics on that would pass muster with audit or legal around the property being a temporary asset.