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6 June 2024 | 16 replies
Stowe is more expensive, but commands a higher nightly rate and Stowe is busy year round, with the slow seasons being only November and April.
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9 June 2024 | 13 replies
Real Crowd has listed at least 3 funds. (2 are live now) Realty Mogul raised over $3 million dollars for a Mobile Home Park fund.
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8 June 2024 | 17 replies
Sellers go out thinking they have a deal and contract for their new living arrangements only to have their deal fail and now it puts them in a pickle.
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6 June 2024 | 3 replies
If I'm already going to be having to fix a lot of the main living area drywall, flooring, and balcony tiling, should I consider options to “enhance” while I’m at it to make the expense more worth it?
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6 June 2024 | 11 replies
I would not form an LLC in the states that you mentioned, but in the state that you live in.
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6 June 2024 | 9 replies
I'm looking to purchase my first short term rental in an expensive market and was wondering about how many people are able to manage their own properties even potentially clean, fix them.
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8 June 2024 | 21 replies
It looks live ARV will be around 275k-300k.My question is, when starting out is hard money the way to go?
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8 June 2024 | 24 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
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8 June 2024 | 7 replies
It'll be expensive but probably less in the long run.
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8 June 2024 | 1 reply
Planning on living in coop for 6 years or more then selling it.