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20 June 2024 | 8 replies
Hi DamonI am a short term investor looking to help wholesalers fund their Earnest Money Deposits.
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21 June 2024 | 5 replies
But does anyone else have any other luxury short term rentals in the area?
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20 June 2024 | 1 reply
They plan to sublease to professionals like traveling nurses (2-5 months) and short-term families (we're near Disneyland).
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20 June 2024 | 6 replies
Is this just short-term fear and mindset or should I sell and look to deploy my cash elsewhere?
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22 June 2024 | 12 replies
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 $2,500 minimum fee)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 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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23 June 2024 | 11 replies
Factor in costs such as:Property taxesInsuranceMaintenance and repairsProperty management feesVacancy periodsLong-Term Strategy:With plans to acquire multiple properties, develop a clear long-term strategy.
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20 June 2024 | 4 replies
Our long term goal is to become a business and own several rental properties.
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22 June 2024 | 5 replies
From CSLB:This section defines what an owner-builder is and the laws surrounding the practice.An owner-builder is what the term indicates: a person owns the property and acts as their own general contractor on the job, and either does the work themselves or has employees (or subcontractors) working on the project.The work site must be their principal place of residence that they have occupied for 12 months prior to completion of the work.The homeowner cannot construct and then sell more than two structures during any three-year period.Getting a GC license and going Legit is pretty difficult.
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20 June 2024 | 4 replies
I have been in the short term rental space for quite some time now.
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24 June 2024 | 20 replies
In terms of doing a refi the house would be compared to others of the same value and adjustments made for BR or SQ FT.