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12 October 2024 | 54 replies
Name = Jonathan KlemmExpertise = Renovation & ConstructionLooking forward to = In-person Networking / Vacation in the sun (getting away from the windy city Chicago)Connection desire = Someone who has scaled a service business to $100MSession = Flipping houses in high interest rates, but I am biased!
7 October 2024 | 10 replies
This will allow you to acquire more rental units and also being able to use the vacated unit rents at 75% to help your debt to income ratio DTI.There is a FHA 100 mile rule if you do plan on using FHA on your 2nd house hack.
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8 October 2024 | 8 replies
(Trying to skimp on coverage by not telling them you're Airbnb-ing the place will defeat the purpose of insurance if they deny a claim because you weren't truthful.)There are specific STR insurance carriers like Proper Insurance, but most major carriers offer a rider for vacation rental or short-term rental insurance as well.
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9 October 2024 | 10 replies
Heloc any existing properties with sufficient equity, use a 10% loan program out of state for a vacation home, it beats 20-235% for an investment.
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9 October 2024 | 39 replies
@Mike H.I don’t have North Georgia mountains experience but I do have metro Atlanta (Kennesaw) Airbnb and vacation in Florida Airbnb experience and I’m looking to expand into the north Georgia mountains Ellijay or Blue Ridge I also just purchased a membership in the Northeast Georgia MLS so I have access to those properties as well.
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7 October 2024 | 2 replies
After closing, you can choose to keep the tenant under your lease or give them notice to vacate.
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6 October 2024 | 14 replies
so how is the event going.. other than being in Mexico on vacation are you enjoying the content and networking ?
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9 October 2024 | 23 replies
If you are buying a single family house, two trips per year will likely eat up all your "free cash flow", so you might as well have it be a place you would go anyways to visit family, or near a vacation spot, etc.
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7 October 2024 | 8 replies
I have kicked the tires with a few small investments in both long-term and vacation rentals offered on the website over the last few months.
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6 October 2024 | 5 replies
I’ve researched quite a bit of Colorado counties, and almost always the issue is with getting a non primary residence/“vacation home” permit.