Chris M.
Betters Left Main CRM Review
24 September 2024 | 12 replies
A dozen or so unanswered emails later I'm being told I need to go hire a developer to set it up properly.
Floris V.
Midterm contract with construction company
24 September 2024 | 4 replies
Since electricity and water is included in our rent, we also have a clause stating that if the monthly bill doubles compared to the month-comparable bill from the prior year, then the excess will be assessed as a fee.
Suman Nandi
Must have tools for a new STR investor.
24 September 2024 | 9 replies
I’d appreciate some feedback on my current approach and advice if any.Here’s what I’ve done so far:Pre-Approval: I’ve secured a pre-approval amount and interest rate from an online mortgage lender.Property Analysis: I’m using the mortgage and STR calculators from BiggerPockets to assess the financials for potential properties.Neighborhood Research: I’ve been exploring different neighborhoods using Niche to get insights into schools, safety, and livability.AirDNA: I’m considering subscribing to AirDNA for data on occupancy rates and rental income estimates.Questions:Is AirDNA worth the investment for STR data?
Adi Prasad
Seller Financing Advice
24 September 2024 | 8 replies
I have done this a few times myself and have a few basic recommendations:1) Make sure the seller owns the property free and clear and that it's very clear to both parties whether the arrangement involves a deed of trust or contract for deed2) If a balloon payment is involved, be sure to assess your ability to refinance and make that balloon payment in the future- optional extensions can help manage this risk3) Understand the tax implications if the interest rate is notably above or below market rates4) Get title insurance!
Mike H.
Is right now one of the worst times to be a real estate investor?
27 September 2024 | 66 replies
There was a dozen years of high RE appreciation (2010 into 2022) in large part due to the low interest rates and then rates more than doubled (almost tripled) in a very short time frame.
Alex Boulger
Selling Rental with 2 Out of 5 Year Rule
25 September 2024 | 14 replies
Consulting with a tax advisor is your best move here, as they can assess your specific situation and explore all possible tax-saving options.Let me know if you need further clarification or financing advice!
Rachael Palmer
STR in Unincorporated Bay Pines (5 min drive to Madeira Beach) or Indian Rocks Beach
24 September 2024 | 8 replies
Condos are always tough to get things lined up with HOAs and assessments considered.Have you checked the data from STR sites like AirDNA, Rabbu, and Mashvisor?
Dan Thomas
Raising Money for Commercial New Construction Help!!
22 September 2024 | 2 replies
I have worked with at least a dozen banks over the last year.
Gary Dale McKee
Need advice on wether or not to rent to people on disability.
24 September 2024 | 49 replies
I can risk assess every individual based on their background, It is screening 101.Thankfully other peoples moral outrage does not interfere with my ability to successfully operate a minimum risk business within the boundaries of the law.Bottom line is laws are never ridged.
Srinath Gopinathan
Converting personal investment property to LLC
23 September 2024 | 12 replies
Keep in mind you will also have to pay transfer taxes based on the properties assessed value, even if the property is transferred from your name to an LLC for a nominal amount + incur deed prep and recording fees.