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7 March 2024 | 3 replies
While the new property may bring in additional monthly income, the increase in your monthly net may not justify the amount of new debt that you would be taking on.
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8 March 2024 | 30 replies
But in many cases they will just ending up routing you back through a broker which brings you back to the above scenario, so you've really gotta pick and choose well.Keep in mind that if you do find one, there will be things you need to do on your end such as specific signage, obtaining certificate of insurance from any vendors you work with (cleaners, handyman, pool guy), etc.Safely I believe also includes liability as an option in addition to their usual damage protection at an extra cost, though in that case you're paying on a per booking basis rather than a yearly fee, and it's likely going to be quite a bit more expensive.
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6 March 2024 | 3 replies
-Online Platforms: Exploring online platforms, real estate websites, and social media for property listings.a.
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6 March 2024 | 10 replies
Also, exploring online platforms like BiggerPockets can connect you with professionals experienced in various locations so I highly suggest that you keep connecting with everyone in the community.
7 March 2024 | 11 replies
Thanks, and I look forward to hopefully getting more involved on here if we're fortunate enough to have things start to snowball over the years into additional properties!
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7 March 2024 | 35 replies
Looking to get out of the active landlord business and exploring pure DST vs. 721 Exchange.From my limited reading, a DST-721 Exchange seems to be a better option except it is a one-way door (no exchange back to DST or 1031).Looking for some inputs, comments and gotchas in evaluating both options.Comments on upfront and ongoing fees are especially welcome :)Thanks in advance !
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5 March 2024 | 4 replies
Not only will this add no additional protection, it will merely add operational costs.
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7 March 2024 | 8 replies
You should be able to roll in all your closing costs and loan amount so you have no out-of-pocket cost for the refi if you have additional equity you can also take that out up to 75% LTV. good luck!
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7 March 2024 | 2 replies
Have you done any additional research into the requirements?
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6 March 2024 | 5 replies
How can I explore legitimate Private Money to help start and scale my rental portfolio.