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27 January 2025 | 12 replies
PERIOD.
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14 January 2025 | 18 replies
It is not walking distance to much but a short drive to a lot and generally a touristy area.
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13 January 2025 | 5 replies
I think your clients should think about this as short-term funding that they would need to pay back rather than a long-term solution for capital.
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21 January 2025 | 15 replies
There may not be much demand for a short term rental that far from Atlanta.
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26 January 2025 | 1 reply
Since it was my first duplex, I thought having one short term and one long term rental would be good.
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24 January 2025 | 12 replies
In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!
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31 January 2025 | 19 replies
Quote from @Nathan Gesner: There were a couple experienced investors on the forums that loved to tell everyone they could manage a short-term rental in just five minutes a week.
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4 February 2025 | 9 replies
If transferring the property to an LLC, be mindful of the due-on-sale clause, and note that an LLC itself does not offer tax savings unless electing S-Corp status, which is rare for rentals.To maximize tax benefits, consider cost segregation, bonus depreciation, and short-term rental (STR) strategies, which could allow you to offset W-2 income if structured properly.
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28 January 2025 | 15 replies
She can use that money to get a hotel room or short term rental....or stay with family or friends.