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7 February 2025 | 5 replies
Let’s break it down:Loan: $300,000Base Rate: 8% (P&I: $2,201)Buydown: 1 point ($3,000) lowers rate to 7.75% (P&I: $2,145)Monthly Savings: $56Break-even: ~54 monthsHolding long-term?
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18 February 2025 | 13 replies
Medium term rentals are the new darling of short term rentals.
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11 February 2025 | 13 replies
The high HOA fee is already a factor, so ensure you’re comfortable with the overall carrying costs.Focus on the Land Value: Since the lot has development potential, you’re looking at this as a long-term investment.
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23 February 2025 | 9 replies
I see you're based in Long Beach, CA.
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9 February 2025 | 33 replies
Quote from @Jeff Roth: Hi Lina from Texas-Congratulations on your interest in investing in mid-term rentals and you are wondering how and where to get started.I get this question frequently from investors.Sometimes and investor is looking to keep their property cashflow positive as insurance and taxes have squeezed cashflow by turning units into mid-term or short-term rentals.First off, ideally, the property will cashflow as a long-term rental should something disrupt the mid-term rental model.You will also want to have the property be near where there would be a demand for mid-term rentals (hospitals, universities, research centers).Monthly rents for mid-term rentals are about 20% (+/-) higher than unfurnished similar long-term rentals.There are property managers that will manage mid-term rentals for you and I always advise my clients to use property managers to keep their investment as passive as possible and for compliance issues related to Fair Housing Laws and local regulations.To Your Success!
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25 February 2025 | 5 replies
I live in New Jersey and would like to make this a medium term rental.
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21 February 2025 | 12 replies
Hello BiggerPockets Community!
I'm Jessica, born and raised in Rochester, NY, where I enjoyed playing soccer and lacrosse. I first pursued my studies in Nursing and Pre-Med at Monroe Community College and SUNY Brockp...
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14 February 2025 | 0 replies
Created with the intention of using as a short term rental.
8 February 2025 | 16 replies
Malibu allows it but requires a 15% "hotel tax" on the gross revenue.I would recommend looking out of state or underwrite the property as a long term rental in the event laws change.
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20 February 2025 | 1 reply
Hi John,Pricing for short-term rentals inFt.