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4 August 2024 | 12 replies
Currently managing 2 short term rentals in Los Angeles.
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8 August 2024 | 5 replies
Scenario:A lender had limited communication with the borrower throughout the loan term, resulting in misunderstandings and lack of alignment on project goals and expectations.Mistake:Miscommunication led to issues that could have been addressed early on, contributing to project delays and difficulties in loan repayment.Lesson Learned:Maintain open and regular communication with borrowers.
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6 August 2024 | 9 replies
I would love to connect with people in Northern New Jersey that are utilizing the Medium Term Rental strategy locally; specifically furnished rooms that are being rented.
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8 August 2024 | 2 replies
Hello Kyle,There are lots of things to consider, and there are lots of different types of Zoning for residential.For example you could be zoned residential, but the minimum lot size could be 1 acre, and you are buying 1 acre, in that case you wouldn't need a developer, you would just need a builder.For example, lets say you have 5 acres and a perfect rectangle property, that has an existing street that runs the long ways of the property so you won't have to put in any streets, you will simply need to get with a surveyor, figure out your minimum lot widths from zoning, and file with the municipality to get your property subdivided into lots.Once you have subdivided lots, you can either sell the lots outright to a builder, the cleanest transaction.Option 2, you could try to partner with a builder so you can split the profits, most builder's will want you to guarantee the loan, and still charge a build fee before profit splits.Option3, you can hire the builder, obtain the financing, and keep all the profits.Option 4, you could do any combination of 1,2, and 3.
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6 August 2024 | 6 replies
As someone who has been investing in the Tampa Bay area for over 20 years, I can tell you that it's a market with great potential for long-term rentals (LTRs).
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6 August 2024 | 3 replies
Another thought/ long term plan I had was to make it a mini unique airbnb multifamily as in, have a silo home, then maybe put an airstream on it and lastly maybe an A-frame cabin.
7 August 2024 | 0 replies
Has a fee agreement for him. plus 15 hr term.
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8 August 2024 | 17 replies
That tool really sounds ideal...I think in most major markets now that are either saturated or balanced in terms of supply/demand now more than ever amenity rich properties are a must.
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7 August 2024 | 17 replies
Many reasons here, but the most common is they went into deal with short term floating rate debt at a market peak.
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5 August 2024 | 6 replies
BRRR, short term rental, mid term, long term, house hack, etc???