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19 February 2022 | 6 replies
Would it effect the types of loans?
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2 February 2022 | 4 replies
In order mitigate [1] the irritation and known adverse health effects of secondhand smoke; [2] the increased maintenance, cleaning, and redecorating costs from smoking; [3] the increased risk of fire from smoking; and [4] the higher costs of fire insurance for a building which allows smoking.B) Definitions. [1] “Smoking” means inhaling, exhaling, burning, or carrying any lighted or heated cigar, cigarette, or pipe, or any other lighted or heated tobacco or plant product intended for inhalation, including hookahs and marijuana, whether natural or synthetic, in any manner or in any form.
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12 August 2022 | 22 replies
Some of the challenges:1) Pairing clients with properties that with an affordable plan yield the results the clients need2) Get the property into contract in this aggressive sellers' market with strong STR property buyer competition3) Deep due diligence to minimize property risk during inspection period + create best COE plan to yield the highest possible cash flow + start scheduling post-COE reno work4) After COE, get the hot potato moving- help in any way necessary to make sure my clients get this work done quickly and without complications so they can get their property on the rental market ASAP and start generating cash flow.5) Occasional STR audits as requested (always an option) by clients, to further boost their cash flow, and effectively their home value- based on income approach.
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2 February 2022 | 10 replies
Many LTR investors jump into STR thinking they can automate their way out of guest engagement/experience, while failing to understand that the difference between a luxe Westin and basic Comfort Inn is that guest engagement/experience.
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3 February 2022 | 5 replies
Then divert the income from the rentals to pay down the HELOC, and then focus on paying down the principal on the various investment properties’ debts, ideally creating a snowballing effect where multiple properties help pay each other off.Do people just “bite the bullet” and accept slower business timelines when they only have enough capital to purchase a single property at a time?
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1 February 2022 | 9 replies
I think a more effective way of advertising would be to just put it out into the universe (social media, go to meet ups, telling your friends, etc.)
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1 February 2022 | 1 reply
The exceptions may be in certain inheritance situations, especially where a “bypass” trust is used effectively resulting in 2 future generations enjoying the benefits of income while paying inheritance taxes only once.
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1 February 2022 | 3 replies
Other factors that could effect what program you can qualify for is your Debt to Income and credit score.
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3 February 2022 | 5 replies
You need to have some aptitude for this and keep in mind at the beginning you'll effectively be making minimum wage for your work, because it will take you so long.
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26 April 2022 | 1 reply
To be effective, tender requires readiness, willingness, and a present ability to pay.