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11 November 2024 | 16 replies
These apply to investors, co-hosts, or property managers who aim to create an exceptional guest experience in this competitive industry.
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8 November 2024 | 1 reply
In some cases, exemptions or adjustments might apply for buyouts between co-owners, so it’s best to check directly with a local real estate attorney or tax advisor to confirm the exact tax amount and any applicable exemptions.
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6 November 2024 | 1 reply
Let's assume there is no CO obtained immediately after the sale (will do later after repairs are done), and no township or local-level inspections requested.Is the township automatically notified by the county of the sale or is there some mechanism by which they would learn about the sale and update their records, other than by the buyer telling them about it, or applying for a CO?
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6 November 2024 | 3 replies
Sending some challenging questions with the intention to get you thinking =)Why would a STR owner hire you over another co-host?
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7 November 2024 | 15 replies
My wife and are implementing this "Nomad Strategy" and are about to start looking for our 3rd property here in Colorado Springs.The major issue right now is interest rates, and the fact that if you only put down a 5% DP and borrow the other 95% at a 6.5% - 7% rate you will not even come close to covering your mortgage with the rent when you move out next year.So, we found a VA assumable loan (FHA loans are also assumable) with a 3% rate and a seller who had an overpriced listing because he was pricing to break-even after paying off his debt and closing costs for selling the home.
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1 November 2024 | 3 replies
Possibly Fort Collins, CO
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7 November 2024 | 7 replies
However, JC as you know is overrun with new build multifamily options so there is a lot of competition in Hudson Co whereas the suburbs there is none.It really depends if you need the money to buy a house out there and want to plant roots.
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6 November 2024 | 1 reply
**Dual Representation or Referral Options**: If you’re open to a co-brokerage scenario, you could also work out terms where your realtor earns a referral fee instead of the full buyer commission.
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6 November 2024 | 6 replies
Or I do like the suggestion above of a co-work meeting space, assuming it is a bigger urban area that would be a solid potential income stream.
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4 November 2024 | 2 replies
Neither is taking on new landlord policies in Texas or Colorado (where my property located).