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15 September 2024 | 4 replies
Sometimes, we get buyers who are super eager to find their next short-term rental, and they might offer way more than a flipper would.
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18 September 2024 | 7 replies
DSCR would be an easy option to go assuming you're looking for a long term solution.
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10 September 2024 | 10 replies
If you want a short term rental, just purchase a Hard Rock Hotel property in downtown San Diego.
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14 September 2024 | 7 replies
There is a book in the BP bookstore that speaks specifically about short-term rentals.
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19 September 2024 | 5 replies
That would NOT be enough for me to buy 100 units unless it's a incredibly low price, then work on filling the site with long term RV tenants while I wait for the new reactor and cashflow in the meantime.
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18 September 2024 | 3 replies
Tips include finding multi-unit properties, living in a unit for a year, property management planning, budgeting for repairs, networking with local investors, and focusing on long-term goals.Good luck!
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15 September 2024 | 22 replies
A good DSCR ratio often gives you leverage.Interest-Only Loan Options: Some lenders offer interest-only loans for investors, which can keep your payments lower in the short term.
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15 September 2024 | 7 replies
EARLY MOVE-OUTTenant will be liable for a reletting charge of $2363 (85% of the monthly rent) if Tenant: (A) fail to move in, or fail to give written move-out notice; (B) move out without paying rent in full for the entire Lease term or renewal period; (C) move out at Landlord’s demand because of Tenant’s default; or (D) are judicially evicted.
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14 September 2024 | 9 replies
Property is versatile posied pretty well for STR’s and long term hold I feel given the location.The investor group seems to be streamlining into new construction and flipping / selling from what I gather (lots of properties on market now and new construction projects in development, I think the selling agent mentioned they had 400+ SFH in portfolio currently they are trying to sell off and transition more so into new construction and large scale apartment complexes) and have own separate businesses in the HVAC / Roofing / flooring world etc.I think my take away here is that I need to get my hands on the previous inspection to see what came up and check it off.
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15 September 2024 | 11 replies
Bottom line - All hype, bs, misinterpretation, opinion bias, etc aside, sellers willing “owner finance” the sale of their property for one reason - and one reason only: They PERCEIVE that they are getting a higher price for their property by owner financing than by a cash (cash to them) sale.The “perceive” part is why buyers can sometimes structure terms ridiculously one sided in their favor - because some sellers are so focused on PRICE they become oblivious to anything else.It’s why I and numerous others have been able to structure 20 year owner financing loans at ZERO interest; why sellers have accepted “substitution of collateral” that gave them a lien on recreational land I had rather than their own income producing property; why sellers accept second position liens and allow buyers to obtain new first mortgages ahead of theirs (subordination), and why sellers always accept mortgages without my personal guarantee.I myself sell properties and provide owner financing to obtain a higher price.