Nora Douglas
Looking to develop a short term rental Corporate/wellness retreat
12 January 2025 | 1 reply
it will be a corporate/wellness retreat/short term rental destinationI need land that is close to the Action, but not too close, and preferably comes with two single family doors already built, so I can take advantage of Fannie Mae owner occupied loan and develop the rest of the land on my own and with private funding.Is Columbus a good market for this strategy?
Ken M.
Creative Financing and Some Things To Know
13 January 2025 | 1 reply
My humble advice to anyone attempting to do creative finance is:Creative finance is for experienced investors who have access to capital if anything goes wrong.Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal levelLearn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are neededKnow everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
JR Gonzalez
1031 into TIC/DST aaaaand into single family home?
17 January 2025 | 6 replies
And use the rest of the cash to purchase a DST that absorbs the debt.
Cody Caswell
2025 Design Trends to Use on Your Flips
18 January 2025 | 1 reply
White Oak color and Walnut color are the two main ones you want to focus on, depending on the rest of the design in the house!
Thu Pham
Purchasing an existing Airbnb with future bookings
14 January 2025 | 25 replies
Airbnb came out with a new co-host option where you could get paid for your services to assist owners by selecting % of rents...maybe have him pay you 99.9%?
Albert Hepp
Are you seeing Flat Fee Buyer Agents in your market?
3 January 2025 | 26 replies
Again, why do US consumers pay three times as much as the rest of the world?
Rene Hosman
Have you ever offered rent concessions to entice potential renters?
17 January 2025 | 19 replies
I liked the tenant, school is starting back etc, I told them they could pay first month and security deposit and I would let them have the rest of August for free.
Mak K.
Tenant lied and has a dog on first month of lease -Texas
16 January 2025 | 8 replies
You’re not using a PM, AND you’re assuming you can charge a service animal a deposit and pet rent?
Vincent Plant
Hard Money Costs Too Much?
13 January 2025 | 15 replies
When you say "you might be able to get 10-15% down from your own cash + the HML for the rest" - What do you mean by this?