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27 May 2024 | 2 replies
What's going to happen to me" etc.3) It gives you an opportunity to tell them how the transition will work - the next owner will assume their lease and they are required to honor the remainder of the lease.Good luck with everything on this sale!
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26 May 2024 | 2 replies
We've been managing our properties for 2 years now and been doing a lot of the work ourselves to save money, such as yard maintenance, cleaning, unit flips, etc.
27 May 2024 | 14 replies
@Richard Hoyte When calculating your expenses and income you also need to allow for things like lawn care/snow removal if applicable as well as set aside an amount each month for repairs and maintenance, CapEx, and vacancy.
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28 May 2024 | 7 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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27 May 2024 | 2 replies
What is your required rate of return?
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28 May 2024 | 68 replies
That is not an accommodation that you can make - and Landlords are only required to make reasonable accommodations when possible.
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28 May 2024 | 5 replies
i would say it depends on the overall investment strategy. im not really familiar with STR rentals in your area. personally i like the long term rentals, especially if you are trying to be hands off. we have two STR's, one we manage ourselves in FL and the other in Gatlingburg which is managed by a company. even with an STR rental company, i still find myself managing the manager. both require work and are by no means passive. long term (to me) is nice given time investment. hope this helps.
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27 May 2024 | 1 reply
Some lenders will require as little as 15-20% down (of the total project costs.)
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27 May 2024 | 3 replies
Depending on the interest rate and points, this might require a broker.
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27 May 2024 | 7 replies
Lenders that do DSCR loans for foreign investors typically require bank documents to be translated and currency to be converted U.S. dollars.