Britt Hennings
Share numbers for first STR (small town, normal SFH)
6 June 2024 | 7 replies
STR and MTR investing is a different animal all together taking you from housing to hospitality and requires more of a time suck than many initially realize. i personally only do long term rentals and students. i do have a property in mind and making the connections to transition it into a sober living home. excited to see how that shakes out.
Cody Gray
Recommend Batchleads.io OR something better?
5 June 2024 | 21 replies
I personally have not used that data yet, but it is integrated with batch so you dont have to use 2 different systems.
Victor Nguyen
Question About Real Estate Investing as a Whole
4 June 2024 | 6 replies
Is it because they do not have the capital and the funds to buy 20 deals in a year?
John Marlin
Keep or sell 2 primary residences?!
4 June 2024 | 2 replies
Basis is $130k, plus $50k HELOC (used to fund Home #2 rehab), and could sell for almost $300k, netting us let's say $110k.
Jesse Kedy
Upgrading Kitchen - Is it possible to sell granite countertops?
6 June 2024 | 6 replies
Don't take this personally, but that is not considered particularly attractive granite, it's old school 'speckled' granite.
Sang Ji
How to take the equity out of an investment property
4 June 2024 | 5 replies
Where you can get access to equity line to use the funds to buy the property.
Nathan Gesner
Are you investing in self storage?
6 June 2024 | 57 replies
Anything under 12.5k sqft I’ve found that the fixed costs are too much to achieve that 35%.40,000sf: This is just a personal rule of thumb where currently I’m trying to stay away from the spaces where the institutional players are operating (if I can).
Nick Allen
Tips for processes and software for minimizing work involved in self-managing rentals
5 June 2024 | 3 replies
.- Continual market analysis to keep your prices neither too high or too low- For software, you'll need a PMS, some system for tracking operations tasks (we use Breezeway), communications tools for internal and external (we use Slack and OpenPhone, respectively)- The decision to self manage or outsource is a very personal one.
Adam Tyer
STR/MTR Biggest Hurdles
6 June 2024 | 25 replies
Driving traffic to your direct booking site, if you have one, can definitely be a challenge but I personally believe it's becoming more important all the time, particularly for STR.
John Smith
Best Way to Pull Equity Out of Cash Deal - Cash Out Refi, Delayed Finance, DSCR, etc?
5 June 2024 | 2 replies
There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?