Ethan Gallant
Beginner looking to BRRRR in Canada
24 January 2025 | 5 replies
Once you find a good property and all the numbers make sense - pull the trigger.
Brian Fisher
Pocono Short-Term Rental Disaster - Management, Legal, Insurance?
29 January 2025 | 3 replies
Since we'd already lost the guest fee for the weekend, we chose to wait rather than incur another after-hours fee.After midnight on Friday night at approximately 1AM, a Ring alert was triggered by an outdoor camera at the property.
Jack B.
What are the risks of DSCR loans?
19 January 2025 | 9 replies
It may trigger if you are paying down the balance aggressively during the prepayment penalty period.
Ed Lopez
Excessive "Make Ready" Costs from Property Manager
21 January 2025 | 35 replies
This year I received a bill from the PM with the following line items and costs: - Bathroom 1 : Shower/Tub Caulking | Re-caulk tub- Bathroom 1 : Toilet bolt caps | Missing bolt cap- Bathroom 1 : Window Covering | Missing miniblinds- Bedroom 1: closest to the front door : Door/Knob/Lock | Door know needs tightenedNeeds deadbolt installed- Bedroom 1: closest to the front door : Window Covering | Broken miniblinds needs repaced- Kitchen 1 : Wall/Ceiling | Pull nails and spackle- Living Room 1 : Wall/Ceiling | Nail and holes in paneling- Living Room 1 : Window Covering | Miniblinds need repairedLine ItemsDescription AmountMacomb Glass Invoice $40.99Sherwin Williams Invoice $40.60Walmart Invoice $62.37Total $2,271.271 of 2Ace Hardware Invoice $82.93Ace Hardware Invoice $28.33Ace Hardware Invoice $42.50Macomb Glass Invoice $188.58Walmart Invoice $135.30Ace Hardware Invoice $65.19Ace Hardware Invoice $9.78Shop Supplies $3.00Labour hours 24.18 @$65 rate $1,571.70Total $2,271.27This is a very small, one bedroom apartment in a fourplex.
Account Closed
Due On Sale Being Called!!
13 January 2025 | 41 replies
A few months go by and unbeknownst to me the escrow account had now drawn negative which triggers the lender to no longer apply what’s considered a “partial” payment to them, given that I’m now paying less that what’s due given the escrow increase required but not relayed to me even though I expected it at some point.Last month I’m on Zillow looking at the value of my properties.
Alex R.
Southern Impression Homes
14 January 2025 | 27 replies
This has also allowed us to provide some excellent incentives for our investors, locking in long term debt currently at 3.75% through our in house financing program.
Steve Englehart
Cashing out IRA to buy rental properties.
29 January 2025 | 47 replies
Highly recommend you looking into a checkbook IRA instead of cashing out.Sure you can take out the principle since you’ve already paid taxes on it but this money is supposed to be for your retirement and in a Roth your real estate can grow tax free, though check with a CPA to see if STR will trigger UBIT in an IRA.
James R.
I really dislike Airbnb. Anyone else?
26 January 2025 | 21 replies
Easy things, but they trigger the algorithm.
Brandon Cormier
Off market Value add 4 family success!
24 January 2025 | 2 replies
The old owner unfortunately locked his tenants into $800 leases which scared away some buyers before he listed.
Kyle Barnhart
Looking to Invest in Arizona
28 January 2025 | 10 replies
What has kept you from pulling the trigger thus far?