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Results (10,000+)
Wei Xia Airbnb (short-term rental) managing in Kansas City, Missouri
9 April 2024 | 24 replies
From most OOS investors I am speaking to this is where most of the attention is, so be prepared for competition - seems that this forum was revived from the dead but to answer the original question with a few practices you can manage the air-bnb yourself to get higher occupancy, I would recommend educating yourself on tricks for the platform those will make the biggest difference - definitely helps having someone take care of your air-bnb account and for completely hands off investing do that but just previewing/welcoming who comes in can be done remotely in a professional manner I have seen it done in multiple states. 
Lily Aldridge What are closing closing cost?
9 April 2024 | 2 replies
Both the seller and buyer pay for closing costs, but they are different depending each side.
Sanjeev Advani Mastering the Market: Sanjeev Advani's Guide to Thriving in Real Estate, Property Man
9 April 2024 | 0 replies
For investors, understanding these elements can be the difference between a flourishing investment and a stagnant one.Property Management: The Key to Retention and ValueEffective property management is the backbone of a successful real estate investment.
Jared Davis Purchasing First Rental Property
9 April 2024 | 11 replies
This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
Samson Hall My first section 8 look deal
9 April 2024 | 7 replies
Management of section 8 will cost more than traditional management so keep that in mind as well.I haven’t viewed the property yet but I’m hoping to fly in to look at multiple different properties as well as introduce my girl to my relatives lol.
Tricia O'Brien Anyone Using Rhino as an alternative to tenant security deposit?
10 April 2024 | 38 replies
I suspect if they are going to go wonky and feel a claim is coming their way from this company First-thing they do is close the account and open a new one at different bank.
Ryan Brown Replacing a perfectly working shower head
9 April 2024 | 7 replies
@Ryan Brown, I am not an NYC landlord and know you are subject to different laws than I am in Ohio.But, typically, as long as their shower head is fully functional, I cannot see any reason why you would be required to replace it for them.  
Account Closed Properties in low income / bad neighborhoods
9 April 2024 | 5 replies
I get that each investor is different but generally speaking, for the average fix & flipper does it matter?
Cameron Leroy miles Gathering information on different loans
6 April 2024 | 1 reply

Im still in the information gathering stage is there anybody that would like to connect? 

Don Konipol Wrap Around Mortgage Success
9 April 2024 | 1 reply
The subject property was purchased in a 4 way transaction, in which my partner and I purchased both the subject property and a warehouse type property that was “behind” the subject - from two different sellers.