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17 March 2024 | 8 replies
with such a high mortgage rate, it is very hard to find cash flowing investment even at 40percent down. everyone makes it sound so easy to find something with cashflow, but its not.There are cashflowing properties all over AL, GA, MO, OH, MD, PA - we're funding $30 mil a month and 50%-60% of our business is rental loans.
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14 March 2024 | 2 replies
Instead of implementing a first right of refusal, there should be an option to buy their homes from them at a fair market value/paying to move their homes elsewhere or give them the first right.This is the real issue, we are not protecting tenants by solely giving them the first right of purchase.
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14 March 2024 | 7 replies
I do like your idea of the "tech package" with assoc. fees.The major con that has kept us from implementing has been - management burden.
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17 March 2024 | 18 replies
I want to use my business as the borrower to protect my debt to income ratio so DSCR seems to be the best route.
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16 March 2024 | 2 replies
Regarding how to structure my business - I do not have an LLC setup as an agent and just plan on purchasing properties under my investments LLC, then getting paid as myself for my commissions.
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16 March 2024 | 16 replies
Some places require the platform to report days rented to the city, and I have heard of forbidding platforms from renting if X days exceeded, on penalty of losing permission to do business in the city.You also have to report your activity to the city, and may God have mercy on your soul if your report doesn’t match the rental platform’s report.
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16 March 2024 | 1 reply
If you want to streamline your business and have peace of mind that zero leads are slipping through the cracks, start using a CRM!
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16 March 2024 | 9 replies
.- Tourism and Hospitality Businesses: Some local forum post mention that Cookeville has a strong tourism and hospitality industry, which could drive demand for furnished short-term rentals and extended stay hotelsI also checked to see what other listings are available and found about 4 comparable listings ranging from $1300-1500/month.
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14 March 2024 | 24 replies
Investors are not the only ones that have taken notice of increased STR supply, the majority of the cities, counties or jurisdictions I service have recently implemented new or revised regulations for obtaining and operating a vacation rental throughout the Oregon Coast and area of coastal California.
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16 March 2024 | 1 reply
I am a new investor and I want to buy a six unit property in Atlantic City the property is being sold at $475k I’m offering $450k 5 units are rented and one is vacant and it needs work I leave in the area and I own a home remodeling business so I can do the work myself for very low cost.