John Williams
short term rental or longterm for more cash?
16 December 2024 | 14 replies
For doing an STR well the larger properties are best and it needs to stand out amongst competition to perform well.
Tim Holt
House Hacking in Rhode Island
10 December 2024 | 6 replies
With minor cosmetic upgrades, he increased the rents, and now it’s one of the best-performing properties in his portfolio.I also had a client in Providence last year who bought a fourplex.
James Kerson
Tell Me Why My Discount Brokerage Idea Is Bad: Calling All Agents
10 December 2024 | 100 replies
As for security in occupied houses, I don’t have a definite solution - it’s just that opening doors is a low-value task that a busy buyer’s agent probably shouldn’t want to handle."
James French
Private money club with Chris Naugle
11 December 2024 | 12 replies
----------------------------------------------------------------------------------------------------------------I have the cost list for the classes but they state they are tailored to meAll together @ retail - $29,976 without Asset Protection/Entity Structuring - $17,976 Money School Essentials (Virtual 3 day plus 1 year recordings plus access to library)$1891PMC Premier - 1497/PMC Accelerator coaching -2997$5,494PMC RE Performance Bus Tour (12 week RE Coaching) - 7997/VIP Money Tank - 1297 (EACH)$10,591Asset Protection/Entity Structuring $12,000Success Team Tuition - $20,488 WITHOUT ASSET - $12,488 Money School Essentials( Live Virtual 3 day plus 1 year recordings and access to library)includedPMC Premier - 997/ PMC Accelerator coaching - 2497$3,494BUS TOUR/PMC RE 12 week on Demand - 6997Money Tank -2 TICKETS - 997 EACH$8,991API LAW (asset protection/entity/trust)$8,000-------------------------------------------------------------------------------------------------------------------------This has all been over the phone or email.
Ben Cochran
Should I pull some equity to purchase an STR?
10 December 2024 | 6 replies
@Ben Cochran I hope you have factored STR tax savings into your cashflow and ROI as it can be significant.Leveraging equity to purchase a short-term rental (STR) in Tampa Bay can diversify your portfolio and potentially generate strong cash flow, but it also increases your financial risk.While your properties hold significant equity, adding debt from HELOCs or a DSCR loan could strain your finances if STR performance fluctuates or costs rise.
Michael McLoughlin
PPR Note Fund
5 December 2024 | 87 replies
@Jay Hinrichs @Patrick DesjardinsWe rep and warrant all notes (both re-performing and non-performing) to be a valid lien and to be in the lien position as disclosed at the time of purchase.Our current performance warranty on re-performing notes is as follows:"In the event that a re-performing note becomes delinquent, or enters non-performing status, PPR’s Loss Mitigation Department will notify the note investor within 30-60 days and then attempt to address and correct the payment issue prior to the loan becoming 120 days past due.
Ugo O.
Calculating ARV and the 70% rule
12 December 2024 | 7 replies
If you can just make sure you are buying right, everything else falls into place eventually.There are markets that perform better than others, but unless you are holding long-term or building rentals, you shouldn't really care too much since flipping is all about buying at the right price for that market:
Julio Gonzalez
Streamlining Multiple Real Estate Services
4 December 2024 | 0 replies
The more time you spend on administrative tasks coordinating with multiple service providers, the less time you get to spend on managing your properties, finding new potential investments and increasing your financial returns.Tax strategies and property insurance are two areas that are highly customizable because no two portfolios are identical.
Chris Primavera
Considering first time STR investment in Gulf Shores area, looking for advice.
10 December 2024 | 9 replies
As a "retired" public accountant and tax consultant I perform a lot of detailed ROI analysis for my clients.
John Postma
A couple deals under my belt, but at a stand-still and need a coach/advisor.
13 December 2024 | 32 replies
I've been watching Chad Carson's videos and his approach of accumulating more properties than you need, then start using that income to pay off mortgages and cull the lower performing properties makes sense to me.