Chris Sanchez
New to Charlotte area
4 October 2021 | 3 replies
@Chris SanchezHey Chris, there are two that I know of and regularly attend.
Jessa Batylin
HELOC or Hard Money Loan
4 October 2021 | 7 replies
With a HELOC, you could simply take out the $200k right before the purchase, but with a cash out refi you'd had already withdrawn $300k meaning you paid origination fees on an extra $100k that wasn't needed and you have interest charges for an extra $100k over the two months while you were waiting.I personally prefer not using hard money lenders as I don't want to be stuck with high interest amounts if I could avoid them with a HELOC, but I know many other investors who use them regularly without problems.
Ryan L Grinstead
Agent tips you wish you knew
10 October 2021 | 6 replies
In my brokerage we are regularly discussing tips and strategies to get offers accepted and let others know what we are seeing in the marketplace.
Kristen Honsinger
About to buy first STR- input needed on town ordinances
7 October 2021 | 6 replies
We fly up regularly so our young kids can see cousins& grandparents, and when we do, we end up typically renting a short term rental in costal Maine large enough to accommodate the whole family.
Ian Focht
Investment Partnership Advice Needed
5 October 2021 | 8 replies
Our Ideal investment would be as follows (for context)Find an ideal investmentPartner A & B both review and agree on investmentPartner A or b or A and B apply for mortgage on investment (please advise on this)Partner A supplies down payment on investmentPartner B supplies all labor and materials to repair, rehab.
Tom Markoe
Owner Occupied Timing of Remodel / Cap Ex
7 October 2021 | 6 replies
First step for me was electrical because I had old fuse boxes with some knob and tube wiring, which needed to be updated so I could add overhead lighting, dishwashers, GFCI/regular outlets, exhaust fans, ceiling fans, etc.
Susan Steele
Home buying in 8 months - need to buy out auto lease
4 October 2021 | 3 replies
A regular car payment is not the same: if you have less than 10 payments we don't use it, or paying off it is excluded
Michael Greer
Not supplying an oven or refrigerator??
4 October 2021 | 3 replies
Hello,I just closed on a multi family property and the old owners told me they would not supply any appliances.They let the tenants know that the existing oven, refrigerator and washer were able to be used by the tenant, but would not be serviced or replaced.Is this a common practice?
Michael Cioffi
Noobie Looking to pull trigger before 12/31
14 October 2021 | 8 replies
My basis for this is cheap money, overly compressed cap rates, ending or moratoriums, supply & logistics issues, etc.
Lonnie Carter
STR Taxes and Financing Options
4 October 2021 | 6 replies
Depreciation is just like a regular SFR rental.