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12 March 2024 | 0 replies
I asssured her I meant nothing of it, I just wanted to make sure I understood the ramifications of having meetings, conversations recorded and allowing her into my apartment to record things.
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12 March 2024 | 13 replies
Just wondering if this is allowable especially if I meet the requirements for short term rental requirement for tax purposes like 100 hours?
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12 March 2024 | 6 replies
Private money is from an individual instead of a company that partners with asset managers or hedge funds and becomes a hard money lender.
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12 March 2024 | 12 replies
This allows you to be all cash in the beginning having more leverage when it comes time to finding a tenant and refinancing.
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12 March 2024 | 18 replies
Eventually they get annoyed and politely end the call and the same individuals never seem to call back anymore.
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12 March 2024 | 15 replies
If the STR strategy is the only strategy that makes the property pencil, be sure to purchase in a market where the use is allowed, the use requirements are protected by in place permitting and licensing and the permissions are transferable through a sale.
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13 March 2024 | 7 replies
The sponsors love it right now, because it is allowing them to delay, and therefore giving them a glimmer of hope that something unoforeseen (rising rents, lower interest rates) will rescue their deal.
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12 March 2024 | 20 replies
I start the eviction process on the 10th.You've allowed them to go three months without paying, so they are going to play this out as long as you allow them to.
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11 March 2024 | 27 replies
Additionally, most condo's that allow STR in the HOA do not require this or it's already installed, however, any free standing property, duplex's and other properties require a fire suppression system.
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12 March 2024 | 17 replies
Fannie explicitly allows transfers to LLCs when the loan originated after June 2016 and when the LLC is controlled by the original borrower (source: Fannie Mae Servicing Guide - D1-4.1-02, Allowable Exemptions Due to the Type of Transfer).