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Results (10,000+)
Brandon Vukelich 3-unit STR/MTR $107k NOI on $187k REV
29 January 2025 | 12 replies
If comps for a 3 unit property are in the 950k range, then that is what it will come in at.The revenue from the STR will have no bearing on the value of the property itself.People argue about it from time to time, but I spoke with 10 different lenders, banks, credit unions, private lenders, etc etc and they all said the same thing.
Bobby Short Costa Rica 2nd property Mortgage
11 January 2025 | 12 replies
I think the LLC also makes it easier to open a local bank account, which is convenient to pay utilities or other local bills or your property manager, etc.  
Brett Riemensnider Seeking Advice on HELOC’s
13 January 2025 | 11 replies
Hey @Brett RiemensniderThere are a TON of banks/credit unions that will offer as low as Prime on a heloc on your primary residence.
Matt Schreiber North Myrtle Beach STR
5 February 2025 | 9 replies
Additionally, I'm banking on a future opportunity to refinance.After less than a year, here are a few tips from what I’ve learned:*Hire a local STR expert real estate agent to guide your investment location.
Jeffrey Bourque Found a Deal but Not Sure
27 January 2025 | 7 replies
@Jeffrey Bourque Are you planning to finance this with a local bank or credit union?
Andrew Lawlor STR to Custom Home Builds
17 January 2025 | 19 replies
Since i had capital and had access to my commercial banks for the best rates possible on vertical and horizontal loans..
Rafael Valdor Are there red flags in PM agreement?
20 January 2025 | 2 replies
. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000. 
Matt Agnew Using funds from an SDIRA for real estate purchases
20 January 2025 | 7 replies
The value of your SDIRA may be too low, but I'd recommend Gary Mobbs at South Star Bank in Gonzales, TX.
Aaron Hill Heloc issues LLC
10 January 2025 | 6 replies
Go to small local/regional banks NOT national ones.
Jacob Havlovick Duplex House Hack
22 January 2025 | 8 replies
For bookkeeping purposes, I recommend designating a separate bank account exclusive to the house hack activities to keep some sanity.