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22 May 2024 | 8 replies
As someone that's traveled (13 year Army veteran), I saw the value and still think prices here are extremely reasonable for all the natural beauty and access to amenities.Interest rates have priced a lot of first time home buyers out of the markets.
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21 May 2024 | 3 replies
I just sent a message to my property management company now asking if it's customary for them to list the rental on MLS.Also, regarding the rental price; Not only have I completed the lanai mesh, installed blinds and added a whole-house water conditioning system, but I'm also including the Internet connection and the security system in the advertised asking price which I believe should be worth it.
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22 May 2024 | 7 replies
Great nightly rates and occupancy.
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22 May 2024 | 15 replies
If the seller charges a rate below the AFR, it creates a tax liability on their end.
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22 May 2024 | 13 replies
Loan rates for owner occupy are lower than investment rates.
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22 May 2024 | 10 replies
At current rates, it would be extremely difficult to have maximum leverage and have any property pay for itself through normal rental income.
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21 May 2024 | 21 replies
I advertised here and asked for joint venture partners
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22 May 2024 | 1 reply
Mixed-use developments and spaces that can easily transition between commercial, residential, and retail uses are gaining traction.Key Takeaways:Design spaces with adaptability in mind to accommodate different tenants and uses.Consider mixed-use developments to diversify income streams and reduce vacancy risks.Strengthening Tenant RelationshipsBuilding strong relationships with tenants can lead to higher retention rates and stable income.
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22 May 2024 | 5 replies
I decided to raise their rent $500/month, even though market rates for comparable apartments in that area are $200-$600 higher than that.
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22 May 2024 | 6 replies
You can potentially look for "hard money" lenders which will typically have looser barriers but the rate and fees are going to be much higher than conventional.