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10 July 2017 | 25 replies
Your interest rate portion has me confused because the buyer at auction is going to either fix it and sell it to an occupant that gets a loan at the higher interest rate, or fix it and sell it to an investor, who will likely leverage it using a bank at the higher interest rate.Your LLC solution also only works if you are not managing the properties.
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20 August 2011 | 3 replies
This strategy will help your customer to pay off their loan and avoid damage to their credit rating.You customer may qualify if: Owner-occupant (rental or vacancy considered by lender on a case by case basis) At least two months delinquent at time of closing Arms Length Transaction This is an expression used to describe a transaction between persons in which each acts in their own self-interest.
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17 January 2023 | 14 replies
Financing limitations - While residential financing is available for most condos, I believe investment financing is only available if certain criteria are met (such as 51% or higher owner-occupants).
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2 December 2022 | 8 replies
What each landlord must do is project if allowing STR will have a negative effect on their LTR occupancy rate and occupancy rental rate as short term rentals in an apartment building can make the apartments less desirable standard rentals.
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9 December 2022 | 7 replies
There are statistics on average occupancy for Section 8 occupants depending on your county but based on my memory it is like 7 or 8 years at a time on average.- You can screen them and run background checks just like any other tenant.
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19 December 2022 | 6 replies
Second, it gives me the ability to easily see true income versus expenses in order to make informed management decisions.For our STRs, we used property management companies that collect and remit sales/occupancy taxes, so we don't enter any of that info into our accounting package.
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15 December 2023 | 10 replies
Not all buyers can "see through" occupants current use of the space.
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4 August 2022 | 27 replies
The occupancy rates have been comparable to each one of our properties and we have talk about whether we felt the bed size made a difference.
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14 November 2021 | 8 replies
Under "Equitable Interests in Real Property" Texas Occupation Code 1101.045.
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9 April 2023 | 5 replies
It's important to familiarize yourself with any laws or rules that may impact your ability to operate a short-term rental, such as zoning laws or occupancy limits.