Becky Hoffman
I can't get a DSCR loan
14 August 2024 | 22 replies
. ($85k) The ONLY thing preventing the loans from being accepted is the square footage of the house. (500 sf) Everything else about the house passes with flying colors!
James Burciaga
What to do with my (STR) Cabin outside of Houston
16 August 2024 | 12 replies
Setting strict lease terms can also prevent issues.
Jeff Higgins
When selecting lending partners, what specific features do you prioritize?
13 August 2024 | 2 replies
Finding an established group that finds a way to get deals done tends to be as helpful as anything as many of us have had experiences of weird and seemingly unnecessary denials.I do like to make sure that its a region they lend to and the type of project that they do.
Andrew Postell
How To: Cash out 1-4 unit Property
20 August 2024 | 452 replies
This can get to 100% end financing in more expensive markets with smaller ARV discounts....though positive cashflow is a separate issue that must be overcome :) Question: Is there anything in Freddie/Fannie rules that would prevent me from the scenario below?
Justin Nwakacha
Should I pay off my primary residence mortgage or purchase a new rental property
15 August 2024 | 10 replies
As long your debt to income ratio isn't preventing you from borrowing more money, buy a rental and use the extra money you earn from that to pay down the highest rate mortgage first.
James Mays
LLCs - Holding Companies - Scaling
15 August 2024 | 6 replies
I've yet to have anyone on BP articulate to me how an LLC in one of these states perceived to have greater privacy protections will prevent a plaintiffs attorney from suing the deed holder in the event someone is injured on your property amongst the various other common claims a property owner is subject to.
Brian Fabel
Bed Bugs Protocols as Host
15 August 2024 | 16 replies
Instruct the cleaner to close the room off and do not take anything out of the room to prevent the spread of bugs to other areas.
David Lutz
The Myth of Cashflow – and understanding how to reserve properly and model.
15 August 2024 | 86 replies
Best way to prevent: select better tenants...yes that is not always the case but it helps.$2.5K additional lost rent due to 4 month instead of 2 month property turnLoss rent on Small Multi-Family properties minimal unless you had to evict.
Candor Real
How to manage long distance STR as a newbie?
14 August 2024 | 22 replies
Going chintzy on everything while self-managing might save you a management fee, but you'll give every bit of that back and more by hassling with unhappy guests over refunds, etc.Proactivity includes preventative maintenance.
Annie Seurer
Do kitchens & bathrooms need to be fully renovated & updated?
13 August 2024 | 13 replies
A couple of dollars at the dollar store for a cheapy milky white curtain prevents this.