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22 July 2024 | 4 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
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21 July 2024 | 2 replies
I've heard that the down payment percentages for investment properties can be higher compared to primary residences.Specifically, I'm looking for insights on:The typical down payment percentages required by conventional lenders for investment properties.Any differences in requirements for single-family homes versus multi-unit properties.Experiences with different lenders and any recommendations for those offering favorable terms for investment properties.Any tips for negotiating better terms or finding lenders with more flexible down payment options.For context, this will be my second property, and I have a good credit score and a stable income.
21 July 2024 | 0 replies
Things I’m thinking about is capital gains on sale, avoiding high property tax on duplex b/c the ones that are available are new builds.
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21 July 2024 | 1 reply
Id do more research on an LLC and decide, I highly recommend in a JV to create an LLC.Maybe I don't full understand, but do you have the money or does he?
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17 July 2024 | 7 replies
However, the high-interest rates are significantly affecting my operational costs.
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22 July 2024 | 9 replies
Short Term RentalLong Term Rentals: They offer stable and predictable income once a tenant is in place and generally appreciate over time, adding to your equity.
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23 July 2024 | 15 replies
Additionally, find lenders who offer short-term seasoning options, which allow refinancing shortly after rehab completion.I'd be happy to assist!
22 July 2024 | 7 replies
Hey Tom I have a lot of experience here in Pinellas County, currently managing about 65 units.I would recommend staying out of Tarpon as they are strict 30 night minimum rental, and the demand is not as high as Clearwater/St Pete which also have 30 night minimums.
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21 July 2024 | 15 replies
It shows the properties in this neighborhood range from 22K-70K, which would make this property 17% above the high end of the market.The projected renal income also seems to be a bit high, but if the property really is at the top end of the market (like the pricing would suggest) this might be accurate.If you assume the above rental estimate is accurate that would take this property from being above the 1% rule to below.Overall I get that on a listing you would want to be aggressive, but the price seems very aggressive.
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19 July 2024 | 53 replies
I would highly suggest using them.