
12 October 2024 | 6 replies
Those might make good rentals...but also there can be extra costs...see if they are in PIDs/PUDs or MUDs that add significant cost to the monthly payment...maybe $100-$200 extra a month.Also $2500 sounds high on rent to me for 1800sqft....I would think more like around $2000/month, but haven't looked in that area lately.I do like Forney....one issue is I don't think there are good demand drivers there.

12 October 2024 | 4 replies
Are the STR's there a good investment?
21 October 2024 | 1 reply
However, many real estate investors use the inspection to determine if the property is a good investment.Here’s more information about these two steps:Home appraisal: Mortgage lenders require a home appraisal to ensure the sale price represents its current market value.
22 October 2024 | 9 replies
Not an expert on this but it appears YES this would be subject to UBIT and a good amount (70%).

21 October 2024 | 6 replies
You made good choices with the books you're reading!

20 October 2024 | 17 replies
If they were good comps and the market has not fallen, then those comps could be the basis of an appraisal appeal.

14 October 2024 | 31 replies
In your situation, it sounds like the primary focus for you is more a quality of life play (reducing your commute time), and the STR may allow you to break even cash flow wise?

24 October 2024 | 32 replies
Here's a link to their rural search tool - https://www.consumerfinance.go....As long as you have reasonably close comps and the CFPB says it's not rural you have a good chance of getting an appraiser to avoid checking the box for rural to appease DSCR lenders.

21 October 2024 | 6 replies
All good suggestions--if you find this becomes a bigger issue, one thing we have done in the past is offer back the security deposit in full to get people out.

21 October 2024 | 2 replies
Good luck with your investments