Anne Christensen
Loan Information Needed on Out of State Investing
17 December 2024 | 9 replies
Yep for one especially in the early stages a hard credit pull would not be useful, just have them do soft checks for the time being and opt out of credit solicitation: www.optoutprescreen.com I could be biased... that said typically working with one lender than can help regardless of where you're looking and having a relationship with that will provide the easiest and most cost effective route long term.
Taylor Kendrick
A question about "appurtenances"
13 December 2024 | 5 replies
technically yes but I am not sure how realistic it is unless its a very large parcel. reason I say that is typically when you give up rights they will use them (for example oil well), which requires access etc.
Thomas Lebens
Can a rookie use a DSCR loan for a duplex?
15 December 2024 | 18 replies
Typically they want good credit score, landlord experience, and 20% down.You can get ones that will either use current rents OR market rents.
Kent Fang ching
Guidance on OOS markets to get into
24 December 2024 | 44 replies
A lot of investors are flocking to Memphis for its solid cash flow potential, and you can typically see strong returns (8%+ cash-on-cash) here, which is a huge draw.The job market is another factor.
Gabriel Williams
Lots of requests for mid term rentals
12 December 2024 | 6 replies
We use Furnished Finder to list our MTRs and typically attract traveling healthcare professionals as tenants.
Maynhia Stott
state that offer OTC tax liens and deed
18 December 2024 | 20 replies
Maynhia Stott - be careful on OTC liens, typically those are the leftovers and many instances there is a reason they are leftovers
Derek Buehner
Tax deductions on a remodel for a future STR while living in it.
16 December 2024 | 8 replies
Since you're currently using the property as your primary residence, the cost of improvements made before it's placed into service as a rental wouldn’t typically be immediately deductible.
Brett Jurgens
Best way to use built up equity?
22 December 2024 | 23 replies
@Brett Jurgens,With strong equity and a good tenant, you have a few options:Cash-Out Refinance: Offers lower, fixed rates for stable monthly payments and lets you keep the property while using equity to invest in another rental.HELOC: Provides flexible access to cash, though with typically higher, variable rates that can fluctuate over time.1031 Exchange: If you're open to selling, a 1031 exchange could defer taxes and allow you to trade up to a higher-value property or diversify into a different market.Each option has pros, so it really depends on whether you want to hold onto the current property or leverage its value for something new.
Satyajeet Dodia
Is my Entity Structure overkill ?
20 December 2024 | 28 replies
When they do, they are typically covered by insurance and settled outside of court.The odds of a landlord being sued for a large enough amount that it eats up their insurance, the equity in the investment, and their personal assets is almost non-existent.
David Charles
New to BiggerPockets!
19 December 2024 | 13 replies
I generally rule out most single family homes as viable rentals, as prices are pretty high relative to rents, so aside from some downtown neighborhoods, typically you do not find large areas of single family rental neighborhoods (a median sale price on a 3 bed, 2 bath home so far this year in Dane County on MLS sales data is at $430k).