7 June 2024 | 3 replies
-chapter 7 would help me a lot in the short term.
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7 June 2024 | 6 replies
Ever wondered how to turn your short-term rental (STR) into a revenue-generating machine?
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8 June 2024 | 22 replies
We also strive for long term tenants and have had tenants who stayed more than 30 years.
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8 June 2024 | 21 replies
Quote from @Ryan Davies: Most work this way: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 we charge $2,500 minimum)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 WeeksWe have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VA, WA, WV, WI, WY.
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4 June 2024 | 2 replies
The partnership with Ivan West exemplified our ability to maximize property value through strategic investments and collaborative efforts.
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7 June 2024 | 8 replies
Prepayment penalties- usually 1-5 year terms.
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5 June 2024 | 3 replies
I'd be happy to connect to see how we can aid each other's efforts.
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7 June 2024 | 1 reply
If you must rent during prior or during listing, consider a shorter lease, or healthy terms for an incentive to the new buyer.
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7 June 2024 | 2 replies
It's fully furnished and they like the idea of doing a medium term rental.
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5 June 2024 | 3 replies
Things I've got down to minimal effort or fully automated: * Rent, security deposit, and fee collection* Basic accounting and tax packet creation* Listing vacancies* Lease signing* Applications, credit, and background checksThings I'm still dealing with directly ad-hoc or don't have a well defined process or solution in place for:* Requests and communication with tenants* Finding and coordinating service providers for maintenance and repair work* Scheduling showings and getting prospective tenants to make their appointments* Tenant turnover for move in and out* Keeping up with legal changes and lease template updates* Setting rent amounts* Lease enforcement - tenants are responsible for things like yardwork, routinely get letters from the city about weeds / tall grass, etc.Questions for the group:* What am I missing if I were to make out a checklist of an "automated property"?