
6 August 2024 | 4 replies
Definitely not an exhaustive list, but those are trades that I'll waste tons of time on and likely do subpar work when I can pay a pro who will do it in 10% of the time and the labor costs are pretty reasonable.

8 August 2024 | 2 replies
I know if card X is charged, it's the cleaner at my North Carolina short term rental, for example.

6 August 2024 | 8 replies
Labor for installing tiles are expensive.

9 August 2024 | 9 replies
@Eryn Garcia I agree with @Eli Kantor the hot tub instructions with photos really saved us a phone call at one short term rental and that is saying something since my husband can figure most things out.

8 August 2024 | 1 reply
Have a legal advisor or counsel review your documents before signing.These will make your ultimate exit strategy, post Hard Money financing period, much easier when: - preparing & submitting paperwork for individual tax returns - maintaining the note in good stating with consistent payments & digital payment history paper trail - digital and/or easy access to documentation - preparing for a Re-Fi, Conventional financing, payoff, or even Flip/Sale & deed/title reconveyance to remove the Hard Money Lein holider at the end of the note's term
8 August 2024 | 10 replies
This is common in my area/Colorado in general especially the ski towns that still allow short term rentals.

8 August 2024 | 5 replies
Scenario:A lender had limited communication with the borrower throughout the loan term, resulting in misunderstandings and lack of alignment on project goals and expectations.Mistake:Miscommunication led to issues that could have been addressed early on, contributing to project delays and difficulties in loan repayment.Lesson Learned:Maintain open and regular communication with borrowers.

8 August 2024 | 14 replies
Frankly, I wouldn't feel comfortable owning a condo long term due to rising HOA costs and major assessments.

5 August 2024 | 3 replies
At the end of the day, total finance charges (interest, origination and pre-payment penalties), leverage and cost of equity should be considered when deciding on the financing option that makes most sense.

7 August 2024 | 17 replies
I am on the opposite side of you on the Mortgage Banker side of things seeing things skyrocket in terms of applications right now with out of state buyers.