
17 May 2024 | 5 replies
Quote from @Sabrina Flores: We first look at what we are going to use the property for.

18 May 2024 | 10 replies
Contractors provide a finished product , we are not labor suppliers .

14 May 2024 | 8 replies
If you get caught doing a STR in areas they are not allowed, you will most likely get a warning at first, and then they can fine you if you keep renting out short term.

15 May 2024 | 16 replies
As for better profit splits and preferred returns, we are just now reaching the size to be able to hit the higher tiers.

14 May 2024 | 1 reply
Housing shortage - which in some part is driving the valuations higher in the order of millions of homes short of demand in the country.So, in short, the deck is really stacked against you at the moment.

20 May 2024 | 88 replies
We are now puting in a series LLC, per recommendation of other investors and our CPA.

15 May 2024 | 3 replies
If you are trying to short term rental, then you also probably have the start of your answer from looking at Airbnb comps.

15 May 2024 | 4 replies
If we crush the rehab I think we can even push closer to 200Cash-Out Refi Amount: $131k (75% LTV of the conservative 175k figure) Profit if done as a flip: 60k. (175k - 115k purchase price & rehab)Cash Invested: 18k (This accounts for $7,500 for down payment to lender, $2,000 in EMD to seller, lender fees, inspection, insurance, title, projected 3 months holding costs at $1000 per month)----------------------------------------------------------------------------If I do it as a flip, from what I understand, I'll be hit with a ridiculous tax bill (24% short term capital gains + 15% self-employment tax), leaving me with roughly $36k after-tax profit. 36 - my 18 invested leaves me with 18k increase to my net worth.

15 May 2024 | 2 replies
No conventional lender (that I've found) will be able to fit all this criteria, because it's very unique.Occupancy: Currently rented on a short-term basis (airbnb), however, in the process of securing long term tenants.Gross rent (for 1 tiny house): $14,400 annually ($1200 monthly)NOI (for 1 tiny house): $9,600 annually ($800 monthly)Expected Gross rent (for 2 tiny houses): $26,400 annually ($2200 monthly)Expected NOI (for 2 tiny houses): $18,000 annually ($1,500 monthly)Value of portfolio financed at 8% cap rate: $225,000Loan terms sought: 70-80% LTV loan size ($157k - $180k), 20+ year termAnticipated or actual appraisal issues: This is where one of the main problems lies.