Keith Doe
Interest Rate on Sub 80k Property
6 December 2021 | 8 replies
Just shop around probably small local bank credit union as many may not have loan size adjusters.
Ilgaz Arikan
Rookie investor question...how do you decide between STR and LT?
13 December 2021 | 18 replies
And I can look over all systems as much as is indicated.I bet if you figure out the time and $$ spent on an average LTR turn-around, it almost equals out when you look at all of these factors......Plus you get the 3 - 5 times income from a well run STR.... :-)
Orien Kuang
Should I hold off listing our Maui STR due to delayed reno?
11 December 2021 | 6 replies
Ultimately, people will do what they want on reviews but if you're eager to get started, being honest about what people are getting and adjusting the price to reflect that will likely yield higher reviews than an unpleasant surprise.
Nathan Spangler
Financing 2nd, 3rd, 4th property
5 December 2021 | 2 replies
If you change the vesting to LLC without permission the lender has the right to call the loan, your fire/hazard insurance won't match, and is considered a sale so property taxes adjust up.
Dan Turkel
How to track income/expenses when income is net of fees
9 December 2021 | 7 replies
@Dan TurkelThe correct way to do it.You record an 'adjusting journal entry' for your PM transactions that indicate what the PM mentions in their monthly PM Report.The net amount owed to you is either ' Due from PM' or 'Due to PM'.When you receive the payment from your PM, it updates the Due to / Due From account.Example - A monthly PM company reporting $1000 of rental income and $100 of PM FeesDue from PM - $900PM Fee - $100 Rental Income $1000Cash 900 Due From PM $900Difficult for most non-accountants to understand.best of luck
Maria D'Aura
Tenants, Dogs, and Insurance company - what can I do?
7 December 2021 | 11 replies
Everyone seems to be advising you to adjust to suit the tenant's desires.
Ryan King
Commercial Lenders - West Michigan - Wanted!
5 December 2021 | 3 replies
That’s the best bet.
Marina Loos
old active Bank loan requesting updated tax return/income
5 December 2021 | 3 replies
Meaning, a loan that might be on a 20 year amortization that every 5 years will either have the interest rate adjusted or that they may not renew the loan and call it due.
Gary Dezoysa
Direct purchase from a lender as a new private investor
6 December 2021 | 7 replies
@Remington Lyman thanks for mentioning that, I will adjust accordingly.