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24 October 2018 | 2 replies
Cleaning between occupants will add up (depending on how long they're staying).
27 October 2018 | 27 replies
When I was a noob in the beginning, I would be more lenient in replacing things for small issues just to placate tenants but now I stay firm on not replacing items that can easily be repaired or are just older.
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25 October 2018 | 2 replies
I stay on more on the SC side.
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26 October 2018 | 7 replies
You have aggressively dropped down your student debt, I say continue the progress and pay it off for you can potentially buy a bigger home (4 fam) owner occupied once you are done.Or if you are comfortable with debt you can make a bigger return investing and that can help you pay down your debt. if you are I will get a owner occupied 2-4 family with a seller concession (depending how competitive your area is) for you won't have a high closing cost.
26 October 2018 | 4 replies
We focus on staying true to what is a good deal for us and not deviating from that.
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26 October 2018 | 4 replies
I think, at this point I will pass on the rural markets that I may not be very familiar with and focus on the areas closer to me that I have more comfort with.
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29 July 2021 | 3 replies
I found this very interesting article about Airbnb in Tucson that I thought it would be of interest to investors who are having intention to start their Airbnb business:Original Article Courtesy of Carol Ann Alaimo of tucson.comShort-term vacation rentals a multimillion-dollar industry in TucsonBusiness is booming in the land of sunshine and saguaros for those who rent to tourists through a popular online booking platform.Tucson property owners collectively took in more than $8 million from Airbnb rentals last year and demand continues to soar in the run-up to the city’s annual gem show.About 53,000 visitors stayed at local Airbnb properties in 2017, a 73 percent increase from the year prior when about 30,500 did so, said Laura Rillos, a spokeswoman for the San Francisco-based company.Total rental income for participating Tucson property owners jumped from $5.1 million in 2016 to $8.4 million last year, Rillos said.The short-term rental trend has been good for the local economy because it serves those who otherwise might not come, said Dan Gibson, a spokesman for Visit Tucson, the city’s tourism bureau.That’s especially true during peak periods when local hotels tend to sell out, such as during the gem show or homecoming weekend at the University of Arizona, he said.
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25 October 2018 | 2 replies
I never ran into that one when I was a loan officer, but my guess would be that since the LLC is the borrower (if you can find someone to lend to an LLC) as long as the title stays in the LLC there wouldn't be a violation of the Due on Sale clause.Oftentimes a lender that lends to an LLC will require the members to personally guarantee the loan.
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26 October 2018 | 5 replies
Figure out what you want to do, take action and stay focused!