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13 October 2018 | 5 replies
Would ideally be a place that feels secluded, has a cabin like feel, surrounded by nature, and is not part of a community with fees.I've looked at previous discussions around this topic, but I still have many questions:- Does anybody have direct experience with short-term vacation rentals in the Poconos?
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9 October 2018 | 1 reply
She didn’t call back.Long story short I call back today and find out the homeowner has been leaning toward selling since the property hasn’t rented (needs updating) but they received a rental app yesterday :)The original homes are comping at $250K-$300K with updated homes nextdoor comping at $575-$675.The agent said she would present the offer to her client, but she thinks he’s leaning heavily toward renting it another year and will allow him to pay some debt.Do you know of a creative approach to tie up the property now and make it a win/win..?
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13 October 2018 | 3 replies
I am considering a short sale property as my first investment prop.
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10 October 2018 | 3 replies
My short term goal is to buy a property, and live there for three years, and after that time period rent it out.
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10 October 2018 | 3 replies
I live in Auburn Alabama and the market here is pretty crazy so I have been looking at surrounding cities like Montgomery and Birmingham that are bigger and more affordable.I know that the typical down payment someone’s needs for commercial is 25% so short of me getting seller financing, or a partner, or some other creative finance path my purchase power leads me towards properties that are typically in lower income areas- at least for the ones I’ve spotted. (200K ish) I’ve listened to pretty much every podcast multiple times and often hear people saying that when they begin they focus more on cash flow and as they grow they look more towards appreciation opportunities.
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26 April 2019 | 16 replies
There are certain factors in making that decision and I can give you my input which would be better via a short conversation!
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10 October 2018 | 3 replies
They are still short $150 rent money so I continue with the eviction.
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9 October 2018 | 0 replies
Short amort on this one still has a debt service coverage ratio of 1.25 at $1100 per month and jumps to 1.82 at $1600 per month.
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9 October 2018 | 0 replies
Short Term Project Long Term Project Lower Points Higher Points Higher Note Rate Lower Note Rate Here is an example for a standard fix and flip loan with a 12-month term.
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10 October 2018 | 6 replies
Long atory short these are the type of tenants we all dream of.