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7 March 2024 | 0 replies
Analysis:Sect (f) - Right now only a 30 day notice is required by policy (not statute) in Alaska to raise rent on a month to month rental or end of lease agreement.
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10 March 2024 | 3 replies
If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.
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9 March 2024 | 3 replies
The property will likely require substantial work to make it a rental.
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11 March 2024 | 21 replies
These loan times will also require you to sign a document that states you are going to occupy them within 60 days of closing.
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9 March 2024 | 5 replies
There are several factors to consider when deciding whether to replace the old mobile home with a newer one or renovate the existing one.If you choose to replace the old home with a newer one, some "gotchas" to be aware of include the cost of purchasing a new used mobile home, transportation and installation costs, permits required for the new home, as well as potential landscaping and foundation work needed to accommodate the new home.
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9 March 2024 | 1 reply
I have a cousin in Florida that is moving and would love to come to an agreed price on their place but just take over the mortgage instead of securing my own loan as I am looking for it as an investment and would be required to do 20% down (which I would not have).
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9 March 2024 | 4 replies
Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).3) Adding an ADU is a slow process.
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11 March 2024 | 17 replies
Your either going to beat your head on the wall because of the debt and stress about it making money or stress that you paid all or a substantial amount of your cash when you go all in. i understand this will be unpopular for a lot of BP viewpoints but it worked for us, we own 2 STR that we owe nothing on now and purchased both for 670k and have a real value of $1.2-1.3mm. it requires you to put a lot of your cash back to your reserves but you have it all to do it with.Personally we believe in ourselves and our ability to pick high producing properties(that is the very first and foremost consideration) then we went all in and never looked back, 2 years later bought our second STR with mostly cash.
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9 March 2024 | 8 replies
@Nathan Gesner depends on the SOW required for RentReady.Your timeline works for Class A properties and maybe 70% of Class B properties.We do many $5k+ turns of Class C properties that aren't getting done in a week - usually takes longer than that for owner to approve the SOW and then send the funds!
9 March 2024 | 10 replies
Are low rises exempt from the requirement?