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6 February 2025 | 3 replies
Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.
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15 January 2025 | 2 replies
I’m glad you were able to move on without signing, shows the agent understands/is a good guy/gal, or knows other firms wouldn’t require such a signature.
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6 February 2025 | 11 replies
The growth of 1.6 million additional residents will require investments in infrastructure, housing and transportation, the organization added.The numbers were provided by the group’s research team with data from the North Carolina Office of State Budget and Management and the South Carolina Department of Revenue.
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11 February 2025 | 31 replies
If you're an accredited investor able to meet the minimum commitment amount required by the fund, I have to imagine you have access to opportunities that are more favorable to you as an LP.
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24 February 2025 | 11 replies
Virtually all 5+ units in Reno where the buyer is using bank financing will require 50+% down.
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24 February 2025 | 2 replies
Concepts like sub-to agreements or leasing to STR operators sound appealing but require careful consideration of the risks involved.
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28 January 2025 | 1 reply
Short-term rentals of non-owner-occupied properties will also require a special use variance which is obtainable by starting with the completion of an application in the Zoning Department."
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23 February 2025 | 13 replies
Unless you suddenly become a stellar STR Host and property (requiring additional spending), why not sell and make some better financial decisions....
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30 January 2025 | 6 replies
Most if not all of these properties require SIGNIFICANT cap ex rehabs and conventional financing won't touch them; you'd likely need to go the hard money route at 10-12%, 2 points, 12-18mon turn around.
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22 February 2025 | 7 replies
While a more robust conversation around your entire financial picture would be required, here are a few questions that I'd want to double click on first:Where is Your War Chest?