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6 June 2024 | 1 reply
My tenant has vacated and there is a new hospital nearby providing a good opportunity to do medium to short term rentals.
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5 June 2024 | 2 replies
Hey Zachary I think it's essential to look beyond mere interest rate differentials and focus on strategic benefits, particularly if scaling your portfolio is a long term goal.Key considerations:Pre-payment penalties: Determine if the HELOC has any penalties, impacting your flexibility payoff.Scaling strategy: Evaluate the scalability and limitations of each financing option.Advantage of HML: Allows scaling without hard credit pulls, and no pre-payment penalties.Holding costs: Factor in not just interest rate differences but also ancillary expenses as well as overall goals of scaling.Example scenario:Property purchase for $120,000 with $30,000 renovation.
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7 June 2024 | 5 replies
This implies residential units can be built at lower costs and provide better return. 11) adding an ADU to SFH can make the SFH fall under rent control.Good luck
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7 June 2024 | 4 replies
Preserved for future generations as a way for the average income earner to build wealth over time and provide a clean, safe place to live for other people.We need more units constructed.
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7 June 2024 | 8 replies
Can someone provide me with some resources (i.e lawyers, title companies, etc) on how to do sub-to deals in Texas?
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7 June 2024 | 7 replies
I would be providing the land and capital so in this case i am pretty much just looking for a mentor.
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7 June 2024 | 8 replies
If that's the case, the easy answer for "next time" is make sure you have a LL account with your utility provider, which will turn the power over into your name if the tenant disconnects from their name.
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6 June 2024 | 13 replies
Based on the few details you provided, it sounds like a 90% LTV conventional vacation home loan would work.
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7 June 2024 | 14 replies
Single family homes usually do not provide the desired cash flow (although appreciation is very solid), and multifamily are too hard to come by because of the lack of supply.If/when you find more info on marketing directly for short-term corporate rentals, I'd be really interested to hear what kind of resources you identify.
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5 June 2024 | 9 replies
Estate PlanningUpdate Wills and Trusts: Ensure your estate plan is up-to-date to protect your growing assets and provide for your children.