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18 April 2024 | 10 replies
Also, it may be smart to consider the differences in the rental rate if you were to decide to shift strategies to an STR or LTR one day.
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18 April 2024 | 8 replies
If an investment property, there non-warrantable DSCR loan options.Some details:Loans available for purchase, rate and term refinance (no cash out) and cash-out refinanceCredits score down to 620LTV are up to 75% for purchase and 70% for cash out.Rate buydown feature available.DSCR (lower of gross rent lease or Form 1007/216 rent divided by PITIA) as low as 1.0x.For experienced investors (one year of investor experience and own home), short term rentals can be structured off of 12 month short term rental history with 20% expense factor.
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17 April 2024 | 13 replies
Also IRS may not allow to convert the passive income to the Active income just transferring the rental Income from Schedule E to Schedule C, you'd better to have a LLC as the management.
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18 April 2024 | 16 replies
Great question, I saw a post yesterday that someone got a HELOC for a down payment on a property last June and the payment was $500/month, interest rates went up and now they're paying $850/month.
18 April 2024 | 8 replies
The bank has said that they would charge a higher rate for an entity on title.
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17 April 2024 | 18 replies
All the internal transfers are instant which is great.I set this up when I moved away from Bank of America.
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18 April 2024 | 18 replies
Census data - median household income, employment stats, bachelors degree percentages, crime, vacancy rates, appreciation2.
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18 April 2024 | 36 replies
At least people have ratings on the OTA and I can see if other hosts have had issues.
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16 April 2024 | 0 replies
Hello,Does anyone have any recommendations for an experienced attorney to set up and maintain a LLC for a rental property and that also does title transfers in florida?
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18 April 2024 | 12 replies
I'm getting concerned because I know from all my BP reading/learning that expected PM rates vary from 5%-10%, so I was preparing to pay on the upper end of that to make sure I find a "Rock Star" PM (as BP books would emphasize doing).