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16 August 2024 | 6 replies
I wouldn't recommend jumping into the industry and charging a fee when you don't have set systems and processes yet---could leave a bad reputation.Another option is investing in a coaching program and having people who have already succeeded in this industry guide you in the co-hosting space.
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15 August 2024 | 7 replies
You'll get the most favorable financing terms and offset your housing expense while paying principle.
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19 August 2024 | 13 replies
Hi BP,I own 2 rental properties in Baltimore MD and i am first having trouble deciding on whether to place them in an LLC or not (I plan to slowly scale and house hack a new property once a year).
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15 August 2024 | 6 replies
I feel like I can't protect against a situation where I get sued (e.g. someone slips and falls) and they "only" choose to go after the liability insurance on the property's policy, leaving the umbrella policy to pickup anything above/beyond the liability from the STR property.
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19 August 2024 | 4 replies
My Credit Union said they cannot help because house is under an LLC.
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19 August 2024 | 8 replies
title company missed code violations of record house was built half on another lot they paid right away..
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16 August 2024 | 8 replies
Doing that would void the current mortgage leaving you with a current market interest rate.
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19 August 2024 | 9 replies
No General Contractor wants to do a remodel with the residents still living there....they will charge you more (they probably will not show it, but the prices will be higher because of the huge PITA factor and increased liability)I would wait until you have completely moved out and then just give them the house empty and ready to roll.....But you can get a Scope Of Work going and start getting bids...even plans and permits if you're going that far...
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15 August 2024 | 10 replies
It's tough to recommend without sitting down and talking to you to determine what your goals are.What I would suggest is just buying an occupied or vacant house that doesn't need reno or minor reno, then either have a realtor rent it out for you and you take over day to day management, or you can put PM in place.